I have refrained for some weeks on posting as I considered that the board had become so negative there was little point. It is very unfortunate that those resolutions were sent out some weeks ago(as they were required so to do).
To give management some benefit of the doubt, and after considering Red's comments, I suggest respectfully that the company fully anticipated having all announcements out by now, perhaps including funding with no dilution.
That there has been a delay may be out of the company's control, say the final mining approvals. When you have to rely on government agencies anything can go awry.The releasde of the latest presentation suggest that nothing has changed with the longer term picture.
On the bright side, it looks to me that precious metals are being supressed to ensure that the PTB get and buy before the public get a whiff of whats to come. I expect a massive rally after 1 January when gold is likely to become a currency of sorts.
Still a bull on this stock.
MYG Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
