Ann: Resource Estimate Exceeds 350koz Gold, page-7

It is nuts.. really good resource upgrade (size and grade).. and there's the potential to create a ball tearer (technical term) just by stepping out the rigs to see how far down that nice >20g/t/m dip goes at BOD let alone all the greenfield targets... and yet we trade down. I don't think anyone expected 350koz - talk was 200 to 300koz so no expectations came up short.. we just had someone deciding that hell, lets just sell some more today as there was a small uptick on the open. Which means we either have one of those majors continuing to sell their stake or a a punter from the last capital raise thinking that there are 'hotter' opportunities out there..

Yes AUD gold is down in the past month, but lets be honest, it was A$1,600/oz. Mining costs are falling (thanks to the end of that big development bubble 4 years ago) and I see zero possibility of the world getting its s**t together in the next 5 years to resolve all the problems and seriously threaten the gold price. If anything, with paper headlines talking about 64,000 dead in the first couple of hours of a war with South Korea would normally get people running for cover! I cannot see the USA deciding to risk Pyongyang miniaturizing its nuclear bombs onto their new ICBMs - and Trumpy is realising his best options are outside the States where presidential powers are unrestrained - Wartime Presidents always get a boost and Trump certainly needs a boost, and what better way than to emerge victorious from a 'good' war with North Korea. Probably a good time to rewatch Wag the Dog.

Anyway, all the above just adds up to the conclusion that there has to still be some smart money looking for a home in gold developers (even some of the money they have made from the gold producers over the past 2 years), and if anything all the Oz gold miners are cashed up and likely becoming more risk averse and therefore likely to buy brownfield than explore greenfield.

So, yes, lots of great technical commentary on MGV, but we saw $14k worth of shares trade hands on a good upgrade.. where were the brokers calling up their clients to add to their holdings on some positive news??