Have been watching MGO closely in the past week, mostly because i am heavily committed. There is no doubt that some interesting trading has gone in, some high volume narrow range trading that routinely drops leading up to the close. What i would like to point out is that the basic fundamentals have not changed. Their known reserves are huge, they are still greatly undervalued based on these reserves, their has been no apparent selling by the key sharehoders, several big name brokers and tipsters rate them highly, reputable and proven management team, stable goverment, capital backing and opportunity for reserves upgrade. These things havnt changed. I am confident that when they report on reserves and the dfs, this thing will move. I am not an expert and have been wrong before, but there are so many things to be optimistic about on MGO and these things havnt changed in recent weeks. To my mind, high volume and narrow range is likely to be positive. Do your own research. I do as much as possi le before i buy. I hold mgo, txn, sxy, nxt and ctd.
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