MGY malagasy minerals limited
Add to My Watchlist 4.35% ! 8.8¢

will history repeat itself?

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    7,768 Posts.
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    21/01/12
    12:32
    Post #: 9580400
    18 months ago MGY promised to be "another Sandfire" & climbed to 27c on massive volumes....A lot of people ,including myself were excited.
    I sold out when the promise proved to be false.
    However MGY still has the substantial asset...It has $3m in cash ...It has 7.5m Energizer shares worth $1.7m (leaves it with an EV of just over $2m)...It has good upside with the Graphite potential.
    History might repeat itself & we might see the lofty hights of 2010.
    MGY Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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