Hi TONSTRIL,
I'm glad you're satisfied with the response from the company.
Some of the larger shareholders may have applied pressure to raise capital now. As you articulate - clever move on their part.
Your patience served you well with Centamin Egypt. I traded CNT and CNTO many times. I recall when they were about 12 cents. They were proving up a multi million ounce resource. Completely undervalued, misunderstood by the market at the time. Sub US$ 300 gold didn't help. Along with OXR et al, CNT was a highly leveraged proxy to the gold price. As is so often the case (with me anyway) I didn't stay for the whole ride.
Marengo is a similar story in the making. It's encouraging to now see third parties identifying Yandera as a world class copper resource.
Release of the DFS places Marengo at the Production Decision stage.
Additional drilling for resource expansion will continue in 2011, but essentially, the DFS (to be released in the next couple of months) will provide the decision to mine.
- Forums
- ASX - By Stock
- MGO
- some news
some news, page-16
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online