I share your point OZ, the most recent ann sheds some light on the matter of cash in the kitty but only for the short term.
The main reason I mentioned BCMM is that regardless if MGY finds and select a location that meets it criteria to dig with a mine life of say 5-10 years or even more etc. It will not be a viable decision to go ahead with the project due to the uncertainty of being able to extract the most profit from it given the time fame. Due to tenements near expiring or already being expired. Maybe that is why there isn't much activity from this Co and like you said selling assets is for self preservation of Co could just be what they are doing.
Any how I could be wrong, Still holding and hoping they do something exciting.
R
MGY Price at posting:
2.6¢ Sentiment: None Disclosure: Held
