SVY's share price goes from 20c to well over $1.00 on one announcement. Not the best comparison I know, but MGV with two great announcements in the last 6 days and one, literally, fantastic announcement today and MGV's share price just manages to step up to 31c with
$40m - $50m spent. Definitely slowed for whatever reason. Fair value must sit well north of current market cap IMO.
Maybe these drill results, 42m @
77.3g/t Au and 18m @
179.4g/t Au and this one
6m @ 498.2g/t Au were probably just too much for the market to digest today.
You can bet the guys in the offices from MGV sub holders and one not quite sub holder (EVN) are running the numbers on the drill results published today.
Noted at 3:14 minutes into the interview back in February with Rob Waugh he speaks of hoping to have a resource "upgrade" in our Break of Day project Q2, 3-4 months away from February - obviously they haven't done it and are looking now to late Q3 as stated in the announcement today. So what could possibly be the holdup? I'm betting it's more gold turning up possibly???
Hmmm........... It's all stated below now what's coming.
View attachment 2220894Looked like a bit of a "hold up" today as well in my opinion..............
Holding onto this one, that's for sure!
