MGO 0.00% 14.0¢ marengo mining limited

questions~, page-3

  1. 6,725 Posts.
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    DFS scheduled for eary next year.

    NFC who will finance 70% of the construction costs, could also grab a slice of MGO as they just have with TZN http://asx.com.au/asxpdf/20110801/pdf/420487t1pg9thm.pdf

    PNG Government interested in grabing a stake in MGO.

    Serious appreciation of the share price will occur if any of these three occur.
    In the meantime 5 million new drilling exploration program has been initated in conjuction current infill drilling.

    Technically I was watching support at 22 cents, slight resistance at 25 then 35. Doji today (indecision).

    With instos interest and lack of DT's I think we will drift higher from here.

    Potential for massive capital gain inside 12 months wont keep people sideline for ever.

    IMO DYOR

    Oscar



 
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