Australia's largest stock trading and investment forum Australia's #1 stock forum

MGV

Click for more information

2.74%

35.5¢ musgrave minerals limited

Agreed I think the market has got the signal, nothing to see...

First 9 Last

Share
Profile

Follow
estate09

5,175 Posts.

61

14/03/18

11:05

Post #: 31740358
Share

Originally posted by eshmun ↑

Yes it has been a long wait now for the assays on diamond holes MODD001 -003. They could well be failures (dusters) hence the sell off.

At least they have started to think about proper exploration along the shear and the lake targets.

Problem is share price has gone nowhere and every raising to advance the project just balloons out the number of shares on issue. Still reasonably moderate at 279million but I don't like the trend.

EV of ~$19.6 million is not excessive for the resources IMO but yes they need a game changer to come along soon or they will end up with a stranded project that RMS or WestGold will end up picking up on the cheap or it will just fade into the background of good ideas that go nowhere. Esh

Expand

Agreed I think the market has got the signal, nothing to see here move along now.
I don't think any of the sophisticates they deal with have stayed around, rather taken their small profits and moved along.
Certainly no urgency with this one and I may even leave and come back another day, I have a felling I won't miss much during that time.

MGV Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

There are more pages in this discussion • 1 more message in this thread...

First 9 Last

Add MGV (ASX) to my watchlist