Even my Vale trading in the US is trading below $10.00 hasn't been there for quite sometime 32% down from last year likewise Woodside down 41% majority of miners are down including oil stocks.
This is what I meant why should MGX be any different. This is a golden opportunity for MGX to acquire a cash strapped company and put the runs on the board.
As I said previously interest rates need to drop and sentiment in the mining sector need to improve.
It is unfortunate that considering all the miners are down means the economy and globally is not looking too good for next year - there's more doom and gloom in the economy.
However, in a new economic cycle what we refer to as the clock investment horizon we are at 6.00 o'clock still waiting for falling interest rates is at 7.00 o'clock, then followed by rising share price being at 8.00 o'clock, then 9.00 o'clock will be the resource sector would see a see a sea of green for all the miners.
By the way 6.00 o'clock is a falling real estate value - sounds familiar?
MGX Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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