MGV 0.00% 39.0¢ musgrave minerals limited

Hi Harry, just so you know, at times, placements at a premium to...

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  1. 11,999 Posts.
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    Hi Harry, just so you know, at times, placements at a premium to the SP, do occur.
    BRB raise 2019

    That being said, they only occur rarely.
    I echo some posters thoughts about the timing of the raising (and yours regarding the SP decline), the SP was on a tear not so long ago, with only $8m in cash, yet... they chose not to raise at a higher price, which would have minimized dilution. I think MGV management are on the whole, a good bunch. Most of the $$ goes in the ground. They are slowly increasing the ounces, and while they keep saying they want a stand alone operation, with all the plants nearby, I just feel this is a little bit of window dressing (but I suppose they have to say it).

    Not sure if many follow DCN, or NTM, but they recently announced a merger, to shore up DCNs longer term production profile (big plant, with 3 years of mine life). I know MGV repeatedly say that corporate action is possible due to the plants nearby, yet... why does management not take the lead, and actually push for a merger with the likes of GCY? they have a 2.5tpa, yet no high grade ounces. MGV have the ounces, yet MGV market cap is double GCY (the plant alone is worth $100m).

    Now that WGX has shown their hand and sold out, its really just RMS that would be a logical fit? (or GCY).

    Could potentially see MGVs U/G get into production with 12 months, and be masters of their own destiny.
    Thoughts?
 
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