Hello @MrFaargs
I agree with you, on one point. The risk/reward is good from here. I disagree on other point. When people lose arguments, they start attacking the poster rather than the intent of the poster. Its sign of weakness. We all know what you or I write cannot change the fortunes. So lets take it that way. I write across a number of stocks as well, and if the going is not great, I get some flak, as if I am the reason. We all feel good by blaming someone for our misery. So its fine. Hope it makes you feel better. But the financial part will not change just because of sentiment.
For me, I feel we are not doing very bad. Firstly I do weekly report across Uranium/Lithium/REE stocks. There are not doing well. MGU performance in last months is no worse off than holders of those sectors
If you want to read this weeks report across these sectors, follow my post. I am providing link to one, but it covers all 3.
https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-74946577
I am hopeful for 2 reasons.
First, it looked like MGU may need a cap raise several months back. Neil has somehow avoided it, till now. So its a positive. If we can postpone salary etc, its a possibility. I was hoping he would have done that for last quarter, but the quarterly said otherwise - slightly disappointed in Mr Neil - if he feels he can get finance, no reason why didn't go for this path, or take salary in stock etc. So not happy with that quarterly.
.
Secondly, no adverse news on financing update - like cancelled/delayed etc.
So the bottom line is, if Mr Neil can somehow manage cash till October (or do something for 500k without diluting), and most importantly, get the raise in October. I feel if the raise can happen in October, there will be a significant change to MGU. My main issue is - when will we know, if its happening or not happening in October? If I were a long termer like many here, and which I do in some other stocks, I would take the risk and stick at least till that time, having come so close. But for some reason if that does not happen, I don't think we may see Mr Neil for long, unless he is desperate. Watching every day. Hoping something good happens here. But not accepting unless there is evidence. All the best.
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Hello @MrFaargsI agree with you, on one point. The risk/reward...
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $11.33M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $28.85K | 2.053M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 450000 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 542751 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 450000 | 0.013 |
5 | 3015448 | 0.012 |
9 | 1560909 | 0.011 |
14 | 1654285 | 0.010 |
4 | 801200 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 512751 | 3 |
0.016 | 700000 | 2 |
0.017 | 472407 | 4 |
0.018 | 148041 | 2 |
0.019 | 200000 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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