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......
MIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
