All is well. One would expect this story to become very positive over the next few years. Everything seems to be in place and the management clearly have the confidence of the big players. The smartest move is the arrangement with the PNG govt. The new country manager sets things up well for the next phase of development. Wise management, a solid resource and strategic partnerships will see MGO go from strength to strength. It's not hard to feel comfortable with a long term hold with Marengo.
MGO Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
