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39.0¢ musgrave minerals limited

What's the end game with this stock, should we keep holding?, page-6

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dingodoggy

77 Posts.

43

01/02/23

18:50

Post #: 66014094
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Originally posted by Jacko22: ↑

@dingodoggy
If you want to see how it's done have a look at DRE 85% of their capital goes into drilling.

I get your point about SH's not knowing what the end game is here, but (based on your above comment) are you implying MGV aren't putting their capital into drilling, but mgmt wages? Reckon you'll find that of $2.23m spent in the Dec 2022 Qtr, nearly 90% went into drilling... And it's been a similar spilt most qtrs.... So, no, I don't agree with your definition of a lifestyle coy. Lack of a projected direction (that we know of) - yes, but definitely not a lifestyler...

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Fair point Jacko22

MGV Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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