This is not good at all. Going into suspension during a capital raise makes me think they have struggled to get the cash and there are some issues / negotiation going on with major shareholders tipping in.
I sold out after those last diamond drill results looked pretty disappointing. Big strike length, but need money to drill, which is not there. They needed to nail those last results really.
Its a exploration mining stock, you have to be brutal when the thesis changes. I hope this company does well in the end though.
MKG Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
