That is a very big salary for a small MC explorer, too much to be honest, he would wanna start earning it.
Im a big believer of this project and this company, but JG is starting to get on my nerves already. These announcements after their quarterly, even got on my nerves more.
He said in his BRR he cant understand why the market didnt like the announcement, he said the DFS was always going to be completed March-April, so it only getting pushed back a month or two.
Look mate, how about you look at the announcement your own company has put out. You have constantly said in announcements etc that the DFS was going to be completed in February 2012. Do not take us for fools - you stuffed up, admit it and move on, i think the DFS getting pushed back to allow for this aggressive drill campaign figures to be inputted into the report makes perfect sense - but dont try hide you have stuffed up, it is close to an outright lie.
Thats why the market savaged the SP, cause you simply stuffed up with the date of DFS completion and now its delayed about 4-6 months - dont try and make out you dont understand why the market didnt like the quarterly report.
The Company has done a great job recently developing the project, and im hoping this is the last little hump as we get towards production, if it isnt, all we ask as shareholders as that we are kept in the loop and the mis-communication stops.
This is still a strong buy for me, and it it stays around these prices, ill probably top up at every opportunity. The upside here is massive, and i dont think anyone out there, who can look at this project would not say it could be a massive opportunity to buy in at this SP if the company can deliver what they are promising over the next 12 months.
MYG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)