I think betting against MGC (selling/Capping) at this level is to shakeout loose holders from instos that got stock at 6.5c. Alot of MMs/Ganjas will fail but MGC is best resourcedand positioned.
All the sellers will pay overs to get back in.
Chart bottom looking good. As soon as our capper at 7.6-8c is done, this flies IMHO.
Only good news to come, so hes betting against the weight of capital, balance sheet and lower valuation,
US/Canada valuations for lesser positioned and capitalised is 10x times higher so I can see MXC at 30c easily.
Ill pick up more if it goes lower.....our seller /capping friend maybe sorry when he sees it 12-15c after dumping so many.
GG
MXC Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
