MIG 0.00% 4.4¢ a.c.n. 059 457 279 limited

anyone buying?, page-4

  1. 394 Posts.
    Closed last friday, before any of these announcements were made at $3.12 (Company had a mkt cap of $6.0102 billion). Today amidst news of a dispute with the Canadian govt the price dropped to $2.91. (Company had a mkt cap of $5.6057 Billion). So in effect some shareholders priced the dispute at about $400 million dollars.....This dispute is related to a venture to which MIG are only 43% shareholders in. So in effect pricing the dispute at > $800 million.

    Herd mentality always prevails and people sell at ridiculous prices when panic strikes.....I thank those people....with you I would not have bought at bargain prices......
 
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Currently unlisted public company.

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