Ann: Diamond Drilling Confirms and Extends High Grade Gold, page-20

First 20 Last

Share
Profile

Follow
willyhill

170 Posts.

6

19/02/17

10:42

Post #: 22728944
Share

Originally posted by jamieparklondon ↑

RW making a presentation next week on the company's drilling results at one of those resource company events. Not likely to do anything for the share price, presentations rarely do unless they contain something radically new but at least he will get before an audience interested in juniors.
Company's fortunes haven't changed since the SP was 12 cents last year so one can understand the disappointment of many shareholders. Truth be known the potential of the assets has actually improved since then. But the trading volumes are small and would only take someone wanting a larger stake to send the SP back up again.
Lot of competition out there in the gold space and a lot of skilful promoters dressing up deposits and drilling results nowhere near as good as Break of Day/Lena. Only so much speculative cash to go around and a lot moving now from graphite/lithium to cobalt plays, most of them rubbish.
With Musgrave the shallow Lena intersect could be key if it turns out to be another lode. No reason why the serendipitous intersect is at the widest and best grade of the find, drilling could show bigger and better intersects or the opposite. Lodes are a characteristic of the eastern goldfields so lets hope this is what it is not a nuggety pod.
I am told drilling will start on schedule in early March with first results in four weeks ie end of MArch early June. Company has $2.5 million left mid Feb.
Its a case of wait and hope the confidence we have in RW is eventually rewarded.
Still think Ramelius could be closely watching developments along the Break of Day shear given that its Blackham pit is at the south western end of it and new pits just along the shear could be very attractive to it. RW said he couldn't comment on that when asked if there was any contact.

Expand

Totally agree with the post and just wanted to comment on the first paragraph - low volume sell down....the co just needs to find some professional interest and we are off. Undervalued, patience required.

Last edited by willyhill: Typos 19/02/17

MGV Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

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

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

MIN

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

ACW

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

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

There are more pages in this discussion • 3 more messages in this thread...

First 20 Last

Add MGV (ASX) to my watchlist

Ann: Diamond Drilling Confirms and Extends High Grade Gold, page-20

Top Stories

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

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

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

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

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