Plenty of "great" things coming together.. finally..
Heath used to work for IGO - So he knew the project then and maybe as a parting 'gift' when he left?
Peter Thompson 'knows' Peter Langworthy.. SO took full advantage of the opportunity to 'do a deal'.
Heath/Peter T wanted a major holding in a TIGHT.. CLEAN company.. to make quick and easy decisions - they have that.
They wanted something where they too could make a motza by their share-price increasing many "bags" worth.. AND remember again.. TIGHT capital structure - a mere 171m shares at time of deal..
And long-term suffering MGY holders are certainly not in any hurry to part with their stock.. I sure know I'm holding on for the piles of cash that will be delivered once gold starts pouring...
And GOLD is suddenly back in fashion.. money raised for drilling that is "sexy" and money won't have to be raised for a while to come..![]()
- Forums
- ASX - By Stock
- MGY
- Ann: Karlawinda Fast Track Programme
Ann: Karlawinda Fast Track Programme, page-13
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online