MGZ 0.00% 2.0¢ medigard limited

MGZ + UNICEF + WHO = ?, page-77

  1. 12,188 Posts.
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    The report is pretty much as expected, no surprises.

    Best approach I can suggest is to get in now at 9 - 11 cents, or hold if already in, and wait for the full year results later in the year. The reason being this one won't be attractive to traders right now as the timeframe is too far out for them, long termers aren't churning shares and the financials and market presence is close to non-existant to institutions.

    Traders will possibly wander back in after March at the earliest and as late as June and any activity in-between will see a few rats and mice traders trying to work a small price range on low volumes.

    This isn't a CYP (for those that follow it) by any stretch of the imagination but this one is a good, clever and well run small business in a not-so-small niche market and the Chairman holds a far chunk of issued capital that isn't going anywhere before the EOY is over.
 
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Currently unlisted public company.

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