First. Congrats to Maaze at being #6 on this months stock picking comp. I wish we all could be this succesful.
MYG finished at 10 cents. Is this the new support ?.
There were many theories swirling around, this week. Plus some new (good to see) posters and holders.
Some of the theories were that an announcement was imminent.
* Finance secured * Significant resource upgrade * Take over
The trading week has ended and there was no announcement.
I can't see any major improvements in global economics and QE has not been announced by any of the major economies. Although in my opinion, it must be closer.
So no obvious catalyst. Four weeks of succesive positive finishes for the ASX helps.
So why the SP increase ?
Well, really, it has been modest, good to see, but modest !. The volume has been the interesting aspect. OK, it has not set the world on fire, but there has been more interest and buying since around the 10/8. I usually dont post during periods of increase interest as things tend to get a bit silly. Stupid comments, flaming, obvioulsy self interested posts etc. etc.
My take is simply that MYG is morphing into a serious producer, with lots of upside and MYG is getting noticed.
It wont happen over night, but it will happen (IMO).
MYG Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
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