MGO marengo mining limited
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mgo takeover target, page-8

  1. Cyph
    1,112 Posts.
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    19/08/11
    16:49
    Post #: 8847179
    LOL @ buying Marengo for $750 million... ffs!

    Come on guys, get real!

    Would you really sell your shares for ~60c? That's one year of net profit once the mine gets up and going..

    Offer $3 billion and I'd sell. Wait, that's the total market capitalisation of OZL, they can't afford that. Marengo will be producing double the copper OZL are currently come 2016/2017.

    Good luck at convincing both Soros and Sentient that MGO is worth $750 million!
    MGO Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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