Nice announcement today, the first of a series I suggest. There was probably some anticipation built into the price that finance would be the first announcement. I posted some weeks ago that I thought the Chairman's address in the Annual Report made reference that this report would come soon.
I note that some traders probably sold the news but I note that buying is emerging now. Clearly there will be a least two more announcement, an update to the BFS and the finance that will probably come last. By staggering the announcements it gives an opportunity to build a position without the SP getting too much traction.
There indeed may be more such as more drilling, that is something the market is not expecting, there may even be more announcements regarding mining operations. We are certainly heading for a very interesting few weeks
MYG Price at posting:
12.8¢ Sentiment: LT Buy Disclosure: Held
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