MGV 2.74% 35.5¢ musgrave minerals limited

I'd say this has little to do with our orebody and much to do...

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  1. 196 Posts.
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    I'd say this has little to do with our orebody and much to do with WGX hemorrhaging cash.
    Westgold's recent withdrawal from the Andy Well sales process and now this expiry of development option indicates Westgold are having a tough time with a $74m loss in the last half.
    I'm comfortable with Musgrave going it alone if need be, saying that though, there are other players in the area that must be having a close look now.
    Short term this will (has) affect on the share price, long term the drills will do the talking.
    The recent aircore results we're in my opinion undervalued by the market and more DD and RC drilling will be needed to swing the perception back around to positive.
    I'd expect more results in the next couple of weeks and with gold system we're seeing should throw up a few good hits.
    Regards
    Jules.
 
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