MYG 2.50% 82.0¢ mayfield group holdings limited

Hey mutineers;I emailed john on Friday I was a little concerned...

  1. 395 Posts.
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    Hey mutineers;

    I emailed john on Friday I was a little concerned over the timing of that 2 million+ share sell when we are so close to drilling results.

    Needless to say he put my mind at ease and strengthened my view of the quality of management and the Gullewa project.

    A few things that came up:

    * Silver was given no credit in the scoping study.
    * Copper was given a price of $8500/tonne
    * the exploration along strike is designed to extend the open pit, the best grade we believe is down deeper and is in stage 2 drilling. (good for lowering the cash cost even further imo)
    * Next drill program will far more significant but Spanish drill timeframe is not yet determined, most likely Late April. They are very happy with Spanish.
    * Gullewa plant upgrade he has a preference to finance through a mix of equity and project finance.

    In response to a broad question over mutiny as a whole he stated that he couldn't comment and more information would be coming with a new research report.

    Very impressed with his approachability and professionalism, I think shareholders are lucky to have an MD of this caliber.

    On a side note does anyone have access to the course of sales data for Friday? He was unaware of the seller but stated a large holder sold out through January to help build a mansion.

 
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Last
82.0¢
Change
0.020(2.50%)
Mkt cap ! $75.00M
Open High Low Value Volume
80.0¢ 82.0¢ 80.0¢ $174.5K 212.9K

Buyers (Bids)

No. Vol. Price($)
2 4408 75.0¢
 

Sellers (Offers)

Price($) Vol. No.
82.0¢ 8000 1
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