harlee7 chart as requested

HI harlee7,

yes i have all way's liked MIC,

but as we all know it has been driven down in it's share price,
very much like NEO was/has been,

there was a very good post in the H/C from the H/C member SAA,

i have posted it below the chart,

is this one worth an investment of say 50,000 share's??

why not,

as you can see from my short term template there maybe some down side here




Subject comments on golden china merger
Stock Code MIC - MICHELAGO LIMITED
Posted 30/08/06 17:50
Posted by SAA
IP 202.76.xxx.xxx
Hotcopper Radio MIC on BoardRoom Radio
Post #1228616 - 87 reads
In Reply to msg #1225426

Some interesting comments below from one of the contributors to the Bull boards forum section of StockHouse Canada regarding Golden China and MIC.

"your share price right now is trading on the ASX at A$0.025 per share. You are selling 7.5 of your shares for one of our present shares so 7.5 x A$0.025 = A$0.1875. In Canadian Dollars that equals to C$0.1575, or say 16 cents.
Golden China closed Friday at C$0.20, which is unusually low for this stock, and in which the low volume at this price will easily attest to. In other words, if all things stay the same, on the day this deal closes MIC Shareholders will get a 27% bonus, and AUC will not make anything more than what they have already. MIC Shareholders will still have a 59% interest in this new company and AUC will have 41%, with Institutional Ownership in excess of 50%.

MIC will still retain all of its present property and investments they have now and gain a few more good ones, on top of this. They will have a much larger and better working capital arrangement and money to expand the BIO Treatment Plant, to make it even more economical.

They will also gain a Merchant Bank to help them financially further down the road, including finding them a lender right now for an extra A$2.3M to give them the extra needed working capital until the December Merger. Because of this loan, there would be no need to further dilute your shares. So, if you cannot see this as a good deal for Michelago then I don't know what is.

Like I have already said to Drinking-Too-Much, if you don't know what you are doing, and don’t like the management, especially when you cannot give a good logical reason why not, then I think it is best that you stay away from junior gold’s all together and sell out. You will lose less money this way in the long run and it is much easier to change unknowledgeable shareholders then good company presidents.

It is not unusual for junior gold’s now to be all low, with the exception of only a few. I can show you a list of 30 of them, with the exception of only a couple, that are all scratching the bottom with new lows over the past few months. You need to understand that, and also that you are not missing out on some super buys of other juniors, as they are all hurting right now.

You also need to understand that the market is dictating this, and for sure not our management. If you want to win you just have to show patience now, stop being emotional, and use you own DD to get you through this time. It is widely expected that gold and the market will rebound soon, so now is the worst time.

You also need to understand this is the perfect time for the big guys to shake the tree and see who falls out, by trying to lower the share price. They may sell a few thousand shares at a huge discount only to buy back many more thousands at a lower price. It is an old trick of theirs that just keeps working. They won’t mind steeling your shares at a huge discount and you can go to the bank on this statement. They sure will! Maybe even employ a few bashers to come to Bull Boards and help them out a little. "

Comments anyone? The market seems to hate this one at present.