MGV 2.74% 35.5¢ musgrave minerals limited

Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-32

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  1. 11,185 Posts.
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    That's the market for you, it takes all types and when you are at the bottom of the food chain like some of these explorers are you welcome all comers. There are times in the market that juniors can't even raise a dime so they need to make hay while the sun shines and get the job done. The traders can help a stock price creep up and that in turn helps when it comes time to raising more money. It's not an easy game. Often newbies to this game get sucked in when the stock prices are running up and they don't realise that there is also a dark side. Junior stocks and the whole market in fact are capable of going into long periods of recession. We are just not used to that now as the booms and busts seem to have a pretty rapid turnaround time. I think people are coming to the markets this morning with a "losing streak" mentality and that tends to affect stocks right across the board. MGV just needs to keep plugging away. Sounds like they are preparing to figure out a new resource on the deposit. Esh

    "A diamond drilling program is due to commence next week at Break of Day to confirm geological interpretations and to obtain preliminary rock density data required for future resource estimation."
 
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Currently unlisted public company.

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