MGO 0.00% 14.0¢ marengo mining limited

opportunity knocking, page-5

  1. 330 Posts.
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    Yes, PatVV, I'm with you on this and buying MGO also on lows. Either the whole world economy is going to collapse soon, in which case we are all buggered, irrespective of what we invest in, or the emerging economies are still going to need copper and lots of it. Slowdown, sure. Price of copper fall -sure. But even at $2 /lb MGO will make good money,and for a long time.

    See this as a 2-3 year further investment ( already been in for 2 years) and have accrued just under 1 million shares at 21 cents average.

    My biggest fear is of a early takeover offer for peanuts ( say 50 cents/share), because that would cut off all the likely blue sky I forsee for this company.
 
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Currently unlisted public company.

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