MGO
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0.00% 14.0¢ marengo mining limited

Bought more today at 25c; noticed a little bot kick in and shake...

  1. dnbuck
    286 Posts.
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    15/03/11
    20:46
    Post #: 8058011
    Bought more today at 25c; noticed a little bot kick in and shake out a few in the 24c range (first time below the capital raising price). Does that make me sophisticated?

    Anyway IMO the short term base metal weakness has very little to do with the longer term price MGO will deliver its products into; moreover I expect no impact to feasibility studies underway as a result of the recent tragic events unfolding in Japan. Will construction input costs go up? possibly, but doubt today's selling had any of that rationale applied.
    MGO Price at posting: 25.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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