General Discussion and Valuations, page-46

Hi guys
for full disclosure - after a good look at the numbers and a few questions asker and answered I have exited MGX until post the quarterly as I am not sure the market has internalised another big cash draw will happen this quarter and I estimate cash will be high 100s . The positive cash flow will start the quarter after with real cash generation to occur the quarter after that so really it won’t be until mid year when the market may become interested. Too be clear I don’t think there is anything wrong with the stock and I still think from a medium term it presents good upside but I will look to renter post quarterly as i fear another market dummy spit following the cash reduction and there may be on opportunity to enter lower. If not I can reassess at that stage