Personally don't really care if we finish up or down today, one day price action doesn't change MYG.
This company is de-risking itself as every week goes past, Todays announcement was excellent, better then expected.
By spending a little amount 3 million they have expend PROFIT by up to 55 Million, deflector alone has barely been drilled.
Yes we all know finance is due etc but read between the lines - Subject to receipt of project financing, plant construction is due to start in December 2012, mining in April 2012 and processing at the Deflector Project is due to commence in October 2013. Looks like to me they expect money in the bank within next 4 weeks,
Then we have expended production for all we know the small finance delay could be because they are now after the extra 30 Million, we just don't know.
John has always been excited, but lately he is sounding more confident he has ever been, Just remember he owns amount 5% of this company, so i know he won't do anything stupid as he will make a fortune from those shares as time goes on.
As always do your own research.
MYG Price at posting:
12.3¢ Sentiment: Buy Disclosure: Held
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