MGO marengo mining limited

I was looking at the historical sp movement of MGO to see if the...

  1. 144 Posts.
    I was looking at the historical sp movement of MGO to see if the next resource update has now already been priced in.
    Are people expecting a quick run on announcement to 0.34 with profit takers then pushing it back down to 0.25? That would be sad for long term holders.

    When Petromin signed up on 19Sept2011 there was hardly any increase in volume or sp. The sp closed 0.21.

    On the day of the 28Feb2011 resource upgrade of 32%, the sp moved from prev close 0.30 to closing high 0.34 (+13%) on 5 times traded volume.
    Then until 15Mar2011 the drop was huge from 0.35 to 0.25 (-29%) on huge volumes.

    The big impact was when NFC signed on 18Oct2010. Previous close 0.27 to an intraday high 0.34 but rapidly fell to close at 0.25 on twice the previous day's volumes.

 
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