I too am more than happy with a 22.5% increase in SP since the quarterly announcement on Oct 20 (just 8 weeks ago).
Next month will be another very good / excellent quarterly announcement. I expect another nice increase following the announcement in January.
What the market has always missed out on is miningnut's very accurate running prediction for each quarter. Miningnut has been doing this on several stocks for quite a number of years and is always very close. to the mark. Having minignut on board sharing his accountancy skills in the mining industry is like having a crystal ball.
On the other hand, the market does not have a crystal ball, so the market has to wait to see the quarterly announcement.
Miningnut is the first to tell you he is very much on the conservative side. If anything he will under estimate rather than over estimate. In the 5 or 6 years that I have been reading his posts he has never once up ramped or cheered a stock no matter how much stock he may hold.
So I do not see MGX stagnate on a travelator, nor is it taking the lift or escalator.
MGX is taking the stairs with a step up with each quarterly announcement.
MGX Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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