MEG 0.00% 1.5¢ megado minerals ltd

Ann: Significant Gold Intercepted in Drilling at Chakata Project, page-22

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  1. 90 Posts.
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    I meant any negative result, not that there results have been negative. But, the reports that they have released have not helped the share price.

    I just don't see how this stock can move forward.

    - Low volume
    - IPO overhang
    - Need to raise cash next year

    So, if you add any negative results, I think this stock will be gone.

    I don't own any shares and not looking to buy right now. I just though the company looked cheap and was worth some consideration. After looking into it I think that even with good news. there will be too much resistance at the IPO price to give a significant upside.

    I may come back if they can get back towards over over the IPO price.
 
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