I have calculated the average price over the last 100 days as 3.4c for 21% of issue traded, although there was a VERY keen dumper at 4.4c 52 days ago. At the time I couldn't fathom it, but in time, everything makes sense, doesn't it?.
This is an astonishing 41% discount to average price over that period and also to the assets on the balance sheet, and leads me to question my faith in the management of this company. Do they lack credibility so that only extremely discounted SPP's will get over the line?
A bit worrying that I also hold shares in others where they are involved. Seems I picked the wrong company to get my feet wet on the spec explorers after the drubbing I got the last time I invested in the sector.
MGK Price at posting:
2.9¢ Sentiment: ST Sell Disclosure: Held
