I agree with you MG that MGO have taken their time to get things right and this has frustrated some shareholders.
I do believe however that the DFS WILL be out this week. They made the announcement late last week and for them to do that they must be positive that they will have it out, particularly given the criticism they have faced in the past.
I am also of the view that Les and the team are not losing too much sleep about what the SP does in the short term. They have an amazing asset and the work tht needs to be done to bring it to fruition has progressed brilliantly, although not as fast as some would like.
The copper price is sitting nicely. They have all their key stakeholders on board. I am extremely confident that MGO will be a $1 stock and i'll go a step further and say that when they go into production will be at least a $2 stock. Have a look at the history of companies lie sandfire resources and equinox and i believe that marengo is one of these in the making. All the pieces are falling into place beautifully. The only criticism i have to date is the cr raising that wasnt executed with the finesse that it could have been.
This will all be history soon. My guess is that once the DFS is released, people will start to believe that this is a goer and we will see pre-CR prices of 30cents + in the short term. After finance is sorted we will then see much higher prices.
I am in for the $1 party. I will take you up on the bet re the DFS. First three shouts on me if im wrong. Mind you i am heavi Y invested in MGO and topped up again recently, i might shout rounds 4, 5 and 6 - because i can.
MGO Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held
