In the face of all these very good announcements,why is the SP so stubbornly stuck at "fire sale" levels? Why is market
sentiment so much against us? I would venture to say that we are still being victimised by the following perceptions.
1)Deflector is a previously failed old mine and the current
project is an attempt at a risky re-start.(totally wrong
we know).
2)Doubts as to whether the project can be effectively
financed to get it up to production level and also without
undue over dilution of the share base.
3)In the event that finance cannot be sufficiently secured
then MYG could become a takeover target.This would carry the real risk that management is replaced and I think the market is aware that this could be very detrimental.
That is the best I can come up with at the moment i.e.
that we are labouring under quite entrenched market
misconceptions.Pity for now but it will change.Patience
will be handsomely rewarded.
re:gry comparison
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Last
82.0¢ |
Change
0.020(2.50%) |
Mkt cap ! $75.00M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 82.0¢ | 80.0¢ | $26.51K | 32.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6600 | 76.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 24959 | 3 |
View Market Depth
| Last trade - 14.49pm 08/11/2024 (20 minute delay) ? |
| MYG (ASX) Chart |