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39.0¢ musgrave minerals limited

IGiven that this has dropped below the CR price, why would that...

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Pointman01

1,217 Posts.

196

15/02/21

18:07

Post #: 51006731
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Originally posted by jogo: ↑

"they lack the patience of the instos" - you must live on a different planet to be sure - instos patient, really?
There is a time to buy and a time to sell and a time to wait. The stock went to 70c when the gold market went crazy with gold over US$2000 and MGV's high grade from the cross lodes made people see riches. Since then the POG has dropped back, the general excitement has gone and the actual quantity of gold in the shallow rich veins has been found to be limited.
Now the POG is declining and gold stocks generally are doing so too. Regardless, MGV are finding additional rich cross lodes while the JV with EVN is steadily establishing a more substantial resource albeit at lower grades.The depth of mineralisation at Break of Day/Lena/etc is still to be established
As you say, this one is a slow burn.

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Given that this has dropped below the CR price, why would that be?

MGV Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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