"The Company has recently re-engaged with a number of banks on their potential participation."
With gold in AUD's now above 1510. the highest level since late March, banks may well be starting to sniff around those companies that have proven reserves.
On a technical basis the weekly chart looks awesome, although at the TOP of BB's so may consolidate around here.The down trend from last October now broken. Previous strong support for all of 2012 and the first quarter of 2013 was 1500. Technically this support looks to have been breached to the upside.
the next level is 1550. Looking very very good.
MYG Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
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