MGO
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0.00% 14.0¢ marengo mining limited

IMO this sudden pick up in volume and tight range is a precursor...

  1. dnbuck
    286 Posts.
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    31/03/11
    15:44
    Post #: 8193513
    IMO this sudden pick up in volume and tight range is a precursor to the release of further drilling possibly coincident with feasibility news and finance. The 30% required from MGO will be achieved by way of debt and some more shares to sophisticated parties. The price for these shares being set by the VWAP of this current trading. Then the handbrake comes off, long term holders are happy and the sophisticated investors are very happy.
    MGO Price at posting: 31.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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