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39.0¢ musgrave minerals limited

Ann: Appendix 3Y - R Waugh-MGV.AX, page-18

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rahonui

483 Posts.

22/05/16

21:51

Post #: 17836713
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Originally posted by specgoldbug ↑

Initial 25c and drop to 4.2c is a reflection of the micro sector in general and how things have been for years. I think we will see a run here with the exploration discovery upside on such a decent budget and cash position, especially if gold has our back.

No doubt other major holders backed the project, and there is some impressive expertise right there in IGO and Barrick.

There are only 125m shares on issue and pretty impressive shareholder list. One would think raising wouldn't be an issue at all when the time comes, and by the time it comes hopefully we have some decent resource upgrades and and have a run in the SP to make dilution minimal.

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Yes, it is definitely going to pop if they hit one of those juicy Murchison gold veins!

I for one am rooting for the team

MGV Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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