See mate, I respect you a lot, and I have seen all your posts here, and still I thought I will make a post. You are a good man, across many stocks I have seen. An honest. Someone who is ready to call a spades if need to. So I respect that. But you should also think, I am not posting often. Yes, I am an Ex. Yes, I may be bitter. But sometimes we should look at an opinion from a prejudice, instead look at the merit of the post.
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My last post for another sometime till we get something.
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What you can't disagree with me is all the posts I made from last August, which was nearly after 2 years since I sold a sizable position at 8c, with my buy at average 11c, and took a big hit of 30%, just because my position was big, But after sometime, since last August, I have been putting my thoughts, occasionally.
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You know how you responded to my post, its typical of people who have decided what it is going to be like it, and anyone not adhering to it, uhmm, not welcome. I know it can give a lot of assurance, but whether it turns to a good play, that is where everything else comes into picture.
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So you didn't like my post and my criticism of Neil. Fair enough. I was in pre-Neil time. I saw how it unfolded, from one story to another. Neil has been here for over 2 years - just think about how many stories have unfolded, especially around direction, what we are doing, what we will do etc. BFS/PFS/Biochar/Saudi etc, if you look at longer picture, you may think - what is happening? Why is the goal posting changing every few months? They say, beauty lies in the eye of beholder. Or those who are beheld. Sometimes, because of no other alternatives, we start believing, or should I say hoping, in what may happen. We transform ourselves from a rational to an emotional person. I am not saying it may have happened to you, but sometimes desperation can lead there.
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So lets forget about what I think and wrote. Lets look at what has happened. Before the announcement MGU trading 1.4, at very close to its lows. It had a transformational announcement. Something that should have transformed the company from Stage A to Stage B, where Stage B is much better. What does the price action say? Uhmm, not great, we touched 1.5. Why was that? There can be two reasons - Either market does not believe that a raise can be made, or believe even if whatever happens, its not going to benefit MGU. This is not what I am saying. This is what the market is saying. At least till now. It could change, but for now.
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So why is market not buying the announcement? Its a big raise, close to 350m, plus Saudi 350m. By the time anything happens, could be 1b. MGU with 10m market is playing with 1b play. Does that sound right? It doesn't to me, but I can be wrong. But I feel markets also don't believe it for whatever reason.
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I never said Neil is taking for a ride. I said, Neil has bought time that he can continue to play longer. He has been here for a long time, a very long time. If you be honest what positive he has brought to MGU, or should I say MGU shareholders, or should I say to MGU share price - its only then you will realise his contribution and my comment. I took a hit long back, I many are still hurting here, I don't want to add to the pain, I wish you well.
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