MGV The way forward looks exciting, page-5

Hi Auge, there are too many variables in play still that make it difficult to predict. They have to raise capital again in the next few months so that could keep a cap on the share price. The price of gold is in retreat along with other commodities so that's scaring off punters, another negative for share prices. We still don't know exactly how much gold they have at Lena and BoDay, nor how they will mine it and process it bearing in mind they don't have a mill of their own.
Estate is absolutely correct in saying we are on a great jockey who won't be rushed into share price promoting media releases that have a day or two's impact. When the share price starts to move above 10 cents on good buying volume and stay there we will know that there are players within the industry who have realised RW has a pretty good discovery in the making.
It is also possible that Musgrave could attract a takeover offer with Ramelious one such candidate given it operates in the area and is looking for additional reserves. It has the cash $90 million or so to move on Musgrave. The holdings by Silver Laker and other instos are not enough individually to hold off a determined predator unless they banded together to protect their interests.
I have no idea what the share price should be now or will be in the future but based on the historical movement of share prices in other goldies such as Doray when it was going through a similar situation with Andy Wells I wouldn't be surprised if we didn't see 50 cents within the next 12 months but that depends hugely on gold prices.
I have been holding now for over six months and try to speak to RW at least once a fortnight. I don't know why others don't do the same. He is very approachable and refreshingly devoid of BS. I would not be still holding were it not for those conversations.
Another thing the company spent 10 times as much on exploration in the MArch quarter than they did on salaries and admin overheads so the team is not taking much out of the company. When you compare that to some of the oilers I follow you have to say RW and management are expecting future rewards not like so many speccie CEO/MDs and Boards gouging shareholders funds short term.
There is also much more blue sky on the leases they own including 12 copper zinc targets in the north with the first drilling scheduled in this current program and more gold targets along the Lena and Break of Day shear zones yet to be properly evaluated.
Its going to be a bit of a wait but I expect it will be rewarded before the end of the year.
The new resource estimate due out at the end of June will be hugely important in the market's perception of the company's potential.