Yes the company has failed to deliver on some things, and maybe they were also a little too optimistic, however conditions today in the sector are unprecedented with most smaller companies truly in survival mode. It is likely that more will virtually be put in mothballs or fold.
When I look at JG's background I am sure if anyone can he can. Once funding for both iron and gold are in place pklus a decent price for gold, then there is no reason why MYG won'y be re-rated. It won't happen overnight though.
a few more thoughts on the oa,s, page-8
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Last
80.0¢ |
Change
-0.030(3.61%) |
Mkt cap ! $73.17M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.0¢ | 80.0¢ | $13.08K | 16.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 358 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 1111 | 1 |
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| Last trade - 10.57am 05/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |