I stand corrected - you are right - some charts I looked at pushed the consolidation back into older years, hence the high sp I was banging on about...
nonethelss, in 2005 for the resource they were showing (sub what MGO now has), they didn't commence a Feasibility Study until the end of the same year, and their sp was above $0.90 -- more than 5 times higher than MGO's current sp, and where we are nearly finished our Feasibility Study (due "mid 2012")..
i appreciate the irrational exuberance that was swirling in the market at the time leading into the high of end of 2007, but through that time and into the GFC OZL managed to keep strong interest in their product, and keep their share price high...
this management instead continues to stumble along with an excellent output of apologies for an unending series of delays... while apparently sitting on a mother load of resource.. - thus why i alluded in a previous post as to whether there isn't any design in these delays...
good luck
MGO Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
