MGO marengo mining limited

is 6.5 billion lbs of cu about to rock?

  1. 6,725 Posts.
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    After some flash DYOR I'm very surprised at the lack of posts on this stock, its feasible this is an Equinox or OZ Minerals size company in the making. I'll keep doing my FA but impressed so far.

    I?ve been thinking about the current behaviour of the MGO chart, whilst still subtle it caught me eye. (market still nervous but perhaps its been held down long enough)
    Its threating to break 25c minor resistance and may do so as early as tomorrow. (IMO)

    I suspect its in anticipation of what might be in or around the Quarterly report will underpin the share price from here. That?s due around in around 8 trading days.

    Its likely to contain an update on the DFS and could also be accompanied by another resources upgrade as drilling results since Dec 10 are yet to be factored in to the existing 6.5 Billion lbs of copper et al. Must surely be setting this up for a serious upgrade at any time?

    Love to hear thoughts (good and bad) of those familar with this company and would encourage the curious to check this one out.

    Oscar


    Impressed with the share register as well.





 
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Currently unlisted public company.

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