Hi all.
According to Roger Montgomery, MGX's has mine life issues, with a mine life of only another 2 years. He mentions this at the end of his talk. (See the ASX video below at around the 45 minutes and 40 seconds mark.)
ASX Investor Hour: May 2012
Fri, 11 May 2012 11:15am
[channel] AUSTRALIAN SECURITIES EXCHANGE
http://www.brrmedia.com/event/97878/roger-j-montgomery-skaffold-montgomery
I will need to investigate his claims but I thought it was around another 7 years or so. Either way, it's not good publicity for the company.
I will hold my recommendation (sentiment to none) until I seek clarification. It really does pay to do your own research.
:-(
rm perspective on mgx
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