MGV 0.00% 39.0¢ musgrave minerals limited

Ann: Company Presentation -, page-132

  1. 1,836 Posts.
    lightbulb Created with Sketch. 993
    Hi Harry
    The reason for the difference in performance DEG vrs MGV over the last few weeks is simply that DEG has made a few very bullish announcements whereas MGV has been quiet. These exploration stocks are driven almost exclusively by drill results - good results, price goes up, bad results price drops, no result for a extended period some punters get impatient and sell and price therefore drifts lower etc. It's not rocket science!

    Most of the talk on HC re price manipulation, capping etc is misguided in my opinion. Equally, I think doing technical analysis, charting etc on these exploration stocks is a total waste of time - one good or bad drill result and hours of charting analysis is blown out of the water!

    I remain a big believer in MGV and we just need patience to wait for drill results.

    GLTA & DYOR
 
watchlist Created with Sketch. Add MGV (ASX) to my watchlist

Currently unlisted public company.

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