I have been bouncing this around in my head for a bit. With the chinese proving that it is more commercially viable to buy mines, a la their bid for equinox, and they already have a finance deal inked for i think 70% of costs with MGO's mine, and already have offtake agreements in place and im guessing are well advanced on the BFS and already have a huge vested interest in MGO. Why wouldnt they launch a bid for MGO at these, IMO, ridiculously cheap prices. It has been frustrating of late to watch the SP get capped with volumes so comparitively large but who would sell now at 31c ps. I bought a chunk of EQN at 7.50 yesterday which is above the $ 7 per share offered but I think the offer could go easy $ 9. I really wish MGO's management would be a little more proactive as far as shareholder info to keep them optimistic but im guessing deep drilling results soon ?? and BFS by June ?? which is not far away will be a big boost. The trading in the last couple of weeks has me believe someone has a lot more shares now than a month ago and will probably keep accumulating while the nervous keep selling. I am very frustrated with this as well as probably all other holders, but I still think this will be an absolute bolter and would be surprised if we didnt end the year with a takeover bid ?
I have been bouncing this around in my head for a bit. With the...
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