exploration companies take time, resource is coming along and management seem okay. You have to expect delays.
If you look at pir, how long was it under 5 cents before it moved. Timing the bottom can be very difficult, we know that myg will be producing within a year hopefully, so do you wait for the resource upgrade,, more drill results, the dft, funding, successful ramp up of production? Depends on your strategy, biggest gains are to be made if you hold from early on, of course bigger risk attached, however if we are producing in around a year where will the sp be? We will find out management's calibre within a year IMO. At the moment there have been a few delays, have to expect that. Announcing cap raising 3 months out probably wasn't the best idea, announcing of the delay to dft could have been handled better, however we have cs on board, we have a hedge at a very good price IMO, drill results have been good... bit of patience as they say.
MYG Price at posting:
8.4¢ Sentiment: None Disclosure: Held
