MYG 0.73% 69.0¢ mayfield group holdings limited

hit cap raising price, page-26

  1. 6,266 Posts.
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    Thanks Zvoneboban, I typically believe gold investors or wealth preservers are far more prudent than the average bear.

    But if we look at the method of using the famous 8 Ps in a gold speccie, MYG ticks all the boxes.

    1.People - We have a great team at Mutiny and one that have ticked all their objectives as the story unfolds. They have played the game before and also put their money where their mouth is. JG has had numerous share purchases.

    2.Property - We have excellent tenements, cheaper opex costs than starting from scratch, in a good part of WA, and near port and existing infrastructure.

    3.Phinancing (financing) - After a successful CR (maybe not at the priced at pleased SH) but the bank is full and financing should see complete the plant before production.

    4.Paper i.e Shares/dilution - over 400million on issue and options expiring i believe MYGOA (2013) we shouldnt see too much more dilution other than options being converted. So no share dilution from here and we are pretty much all in, and have a per share valuation forecast to look ahead too.

    5. Promotion - MYG has been promoting heavily (usa ARC) and various other road shows. We have a very well informed and excellent presenter in JG, who is promoting Mutiny with passion.

    6.Politics - Well Australia is stable, other than a out of control government with their socialist idealistic views, even a carbon tax wont affect the bottom line too much.

    7.Push 'whats going to move this stock' - Well thats easy, resource upgrade, drilling results, banking finance, feasibility and thats all on the agenda within the months ahead.

    8. Price - When working out our current JORC, Mutiny is undervalued, When working out our potential and its safe to say, 1++ million OZ gold producer with low cash costs and earning ps share of at least .11+cents, we are grossly undervalued. All signs point north.

    Off course this is only my opinion and would welcome constructive criticism from any other points of view. GL ALL.


 
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Last
69.0¢
Change
0.005(0.73%)
Mkt cap ! $63.11M
Open High Low Value Volume
69.0¢ 69.0¢ 68.0¢ $5.463K 7.919K

Buyers (Bids)

No. Vol. Price($)
2 124 71.0¢
 

Sellers (Offers)

Price($) Vol. No.
75.0¢ 10000 1
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Last trade - 14.45pm 11/10/2024 (20 minute delay) ?
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