Ann: Green Pig Iron Engineering Study Contract signed, page-20

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Road Runner 888

180 Posts.

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05/02/22

20:29

Post #: 59382255
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Originally posted by donegaldemon: ↑

The company has released 3 very good announcements since 11th of Jan and the latest announcement clearly gives us an indication on what to expect in the coming weeks and months , it also gives us some rough timelines as well ,
If your looking for daily updates or a shoulder to cry on due to the poor performance of the share price then you are in the wrong place .
It's as clear as day to what these guys are doing and i for one can see some serious value in this company if they can pull it off but it takes time , the scrapping of the DSO option has also held things up , who could have predicted the iron ore price getting flogged ?? It did so therefore the company had to change tactics .
If there's one thing I've learned over the years in the markets it's that patience are a key ingredient to success.
In my personal opinion I think MGU should be currently sitting at at keast 100 million market cap , I think by mid year once studies are complete and if they have offtakes signed and some solid figures on the pig iron production then we should be at around 200 to 300 million market cap .
Currently there's seems to be no interest in MGU , Everyone's focused on battery minerals and they woukd prob class MGU as a boring iron ore stock , whereas I see it as a potential producer of a green product that's in very very short supply with considerable profit margins in a pro mining jurisdiction.
Our resident seller is still here unfortunately and hopefully he's out before the good news starts to flow ,one thing that gives me comfort is that one of our T20 is steadily accumulating at these levels!!!
once MGU get their studies done and things become more clear I think the market will start to take notice ,
I for one will continue to buy at these levels with whatever spare cash comes my way, as this is easily 10 times my money within a year ,
All of the above is my opinion so each to their own .

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Who could have predicted the iron ore price nearly doubling in the past 3 months?
Scrapping near term ca$h flow from DSO sales has stuffed the SP...........
First you get the easy money...........
Then you get the hard money.............
Then you get the women.............

MGU Price at posting: 7.4¢ Sentiment: None Disclosure: Not Held
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Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $9.712M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$5.892K	495.1K

Buyers (Bids)

No.	Vol.	Price($)
7	2006333	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	798190	6

View Market Depth

No.	Vol.	Price($)
7	2006333	0.011
15	1704285	0.010
3	601200	0.009
2	240000	0.008
2	1200000	0.007

Price($)	Vol.	No.
0.013	798190	6
0.014	672580	5
0.015	1469042	3
0.016	921241	5
0.017	467407	4

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Ann: Green Pig Iron Engineering Study Contract signed, page-20

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