Well it looks like I misread that reaction to today's release and there are still many waiting to sell out on a loss from the IPO (I can only imagine and presume)!
Perhaps the results did not justify a huge increase but to be in the red is quite baffling. Many using the liquidity event to get out?
For full disclosure I will review my full holdings here and adjust up or down awaiting market reaction on next set of results.
In my opinion the Company is in dire need of new promoting methods and perhaps it would help if the exporation manager Bowden took on a few presentations rather than Michael Gumbley - just my opinion - they may also need a new broker in my opinion especially when you have Pattersons the lead broker in the IPO selling on loss as per Broker buy and sell data over the last few months - not a good look in my opinion.
Very baffling and looks like the register needs a huge clean-up
I am still comfortable this is a very good start and in due time they will find something very good in terms of a resource with good grades and thickness.
MEG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
