I think it tells us that some of their old plans are looking shakier than before.
The production sharing agreement with WGX over BOD/Lena would have put a solid floor under the stock price, deriskimg the current resources. The way it stands now all that has happened is doubt has been cast over the viability of that developmemt.
Company needs to start putting out results from Lake Austin. If it is truly a big system the results should be coming thick and fast.
Tick tock.
The non-sticky shareholders continue to kill the company's share price momentum at every opportunity. Frustratimg and disappointing. If the company can't make something with this latest raising I'm going to sell and put my money into more advanced developers/producers. You can only be loyal to a story for so long before that story needs to actually deliver for you. Esh
MGV Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held