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Looks like a take over target.Mathew Capital may play a big role...

  1. ushiva
    120 Posts.
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    22/07/10
    16:58
    Post #: 6932811
    Looks like a take over target.Mathew Capital may play a big role in this

    There was similar scenario when MGX took over AZDEC. AZDEC was building Koolan Island mining (Iron Ore) and they were six months away from production. They were between 15 and 25cps for a while before MGX took over 1 to 3 ratio. The mine is a single mine operation for MGX since then.

    RED Price at posting: $1.45 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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