Haven't been caught out by Sovereign Risk before :-(But this was...

Haven't been caught out by Sovereign Risk before :-(
But this was a high risk stock with the political instability and trible issues in PNG for many years.
Buyers have halved, especially as news got out.
But I'm betting that 95% of shareholders know nothing about the news broadcast.

I got out at 18c taking a small loss but frustrating considering price MGK was a few days ago. Sitting on a
nice profit then.

Think there will be a stack of sellers in the morning, selling "at market", unless news is clarified and things settle down before the open tomorrow.
Might be bottom-fishing tomorrow as our Govt gets involved. Actually, if thats the best avenue to take then may go fishing elsewhere.