To be fair, they have announced exactly what they’ve been up to, ie travelling to meet Saudis/Hismelt reps etc and negotiating the path forwards, the pictures and website etc are just visual cues for what they’ve been telling the market about in their announcements and interviews. It’s the timelines and a genuine lack of belief in the projects potential and people’s feelings that management haven’t been truthful etc that’s driven the price down to these lows lately I think. Not saying negative sentiments haven’t been warranted, but that last Saudi study was overwhelmingly positive from an economic standpoint, the whole fiasco about it not being a ASX compliant feasibility study was blown way outta proportion.
MGU Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
