MYG 1.92% 79.5¢ mayfield group holdings limited

re:gry comparison

  1. 370 Posts.
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    In the face of all these very good announcements,why is the SP so stubbornly stuck at "fire sale" levels? Why is market
    sentiment so much against us? I would venture to say that we are still being victimised by the following perceptions.
    1)Deflector is a previously failed old mine and the current
    project is an attempt at a risky re-start.(totally wrong
    we know).
    2)Doubts as to whether the project can be effectively
    financed to get it up to production level and also without
    undue over dilution of the share base.
    3)In the event that finance cannot be sufficiently secured
    then MYG could become a takeover target.This would carry the real risk that management is replaced and I think the market is aware that this could be very detrimental.
    That is the best I can come up with at the moment i.e.
    that we are labouring under quite entrenched market
    misconceptions.Pity for now but it will change.Patience
    will be handsomely rewarded.


 
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