SURPRISE!! It's not Cyph, but me, Deia Diva! AJ, I've been...

SURPRISE!! It's not Cyph, but me, Deia Diva! AJ, I've been trying to reply to your original email for the last several days, but in tying to post, this site keeps fritzing out on me preventing that. Perhaps it's because I'm using an iPhone in Mallorca. Dunno? Yep! I'm back in Deia, in my official Divadom for the summer. Anyhow, Cyph, gallantly agreed to post an email form of my post for me.

It was good to hear from you AJ. As this site had gone moribund and with the cratered sp, I was getting the creeping and creepy feeling that everyone on HC had sold out of MGO, and like some "end of the world" apocalypse movie, I was the sole MGO survivor, but hadn't discovered that fact as of yet! So, I'm cheered that our merry band is still mostly intact. I'm still bullish on MGO, and even bought a tad more at .14 recently.

Now, with that being said, I did read online something this week, Re: George Soros, that caused my champagne to suddenly lose it's bubbles! Headline: "George Soros Dumps Stake in Phosphate Miner, Legend International". (http://www.valuewalk.com/2012/08/george-soros-dumps-stake-in-phosphate-miner-legend-international/) Reading on, what discomforted me was the dumped stake, Legend, was a penny mining stock, albeit fertilizer, (in Oz), that Soros had taken a 10% stake in
back in '08, and now had exited when the situation appears to be shaping up positively for Legend. The writer of the piece, was puzzled as to why GS exited now, when Legend "is on the threshold of realizing it's project's objectives in a couple of years." Ewww! This sounded awfully similar to another penny mining stock, I hold near and dear to my heart!! Agree? In fact, all things being equal, given the current economic conditions, I find fertilizer a surer bet than copper, as the planet always needs more food.

As Soros oft changes his theses and positions, I always knew that his decamping from from MGO was a possibility, but the latest news on Legend was a "reality attack" that perhaps he could put MGO on the chopping block in the near future! As I'm new to penny stocks (MGO, being my only one), I'm slow on the uptake and on how all these penny stocks work. It took me reading bsredoje's post of a few days ago, where he felt a fund had been selling for a long time that caused me to go Duh!! maybe it's GS selling his MGO stake along with exiting his Legend stake! It finally dawned on me, that with such a large position with such a low volume stock that it would take him months to peel out of MGO, and we wouldn't know about a change in a substantial shareholder till the carnage was complete. (A 2 year chart of Legend (PINK: LGDI) shows a high of $1.08, and it shows that it has been under .15 for many months, currently at .08.) I'm not saying this is what is happening, but on the other hand it does give me pause. As all of you are much more savvy about penny stocks than myself, and many of you follow the daily bouncing ball of sp and volume, would any of you care to opine on my speculation? I truly would love to be disabused of this notion.

Even if GS should depart, while not good news for several reasons, I'm still positive about MGO. The fundamentals are still intact, and I'm of a mind that the metals "super-cycle", while on a protracted hiatus, is still not over. Even if it should be, MGO would still be profitable. I still very much like the risk/reward.

So, yes, aj, I'm still upbeat about MGO. Caveat: Not surprisingly, liberal dosage of Sangria and Mojitos, under a Mediterranean sky, sure does wonders for casting a rosy glow on one's stock holdings! Hey! AJ, MP, Cyph, and all other MGO partygoers, I'm not one to stand on ceremony when it comes to parties...... why don't we just say a
.30 plus party next summer in Deia!! "Life is short. Eat dessert first!"

Cheers!
Deia Diva