Start of a new Quarter, perhaps its is a fund repositioning itself.
Keep an eye on volumes over the next few of days.
I'm still surprised at the risk/reward value at current SP.
Re Reading the Qtly, theres results due for drilling, soil sampling and rock chips.
Whilst they could hit us with news on Financing, EPC DFS and PNG Goverment participation, permitting and with six drill rigs currently deployed, more discovery.
I think MGO is underated with 57 million in cash and a resource of 6.5 Billion lbs of copper and 204 millon lbs of molybdenum plus gold and silver...So Far.
Having drilled only 5% of their holding I am tipping it wont take much for the market to seriously rerate this stock.
IMHO
Oscar
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