MYG 0.00% 78.0¢ mayfield group holdings limited

I would have to agree with Saber. The drilling had 1 interesting...

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  1. 2,194 Posts.
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    I would have to agree with Saber. The drilling had 1 interesting hit but has not amounted to anything material.
    Unless all the sources currently spruking this stock know finance or a takeover is in play its looks to be a pure pump. Doesn't mean something wont happen, just why all the hype? Looks baseless. Maybe they have secured finance or an offer. Anything is possible but thinking unlikely in the gold explorer developer space at the moment.

    Maybe the pump is on to raise cash to pay off the gold streaming debt which is due soon?

    IMHO MYG has fantastic resource potential but at the mercy of the gold price. Will be back in big time when gold shows confirmed uptrend.

    Good luck holders, hope a big takeover offer makes your day

    71
    Disclosure, took a small profit at 4c. Will re-enter if it drops back to 2.6c which I think is possible if gold keeps trading in its current range. First time not holding MYG for 4.5 years
 
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