MGY 4.35% 8.8¢ malagasy minerals limited

no show, page-8

  1. 1,559 Posts.
    I share your view, ozone. I was considering establishing a position in the project (playing the BFS excitement with a view to exiting before any "financing deal" - which is an euphemism for a huge capital raising - is announced) and found MGY to be the "cheaper" vehicle. However, with today's news I'll have to stick to EGZ should I really want to bet on Molo. In any event I'll wait for the election outcome. Maybe the usual upheaval creates an attractive entry point.

    What does today's "selling price" mean with regard to the viability of the whole project though? I can't see why MGY should have been under pressure to merely give away its share in a 500M Dollar project. Leaves me scratching my head.
 
watchlist Created with Sketch. Add MGY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.