Over a month already and we are still getting crushed.
I can sense most large holders of MNQ are not impressed.
Frank Terranova needs to prove he is not another typical luxury director. With so much experience in the gold sector, surely he can pull some strings and guide MNQ to become the next uprising gold producer. If he cannot prove his credentials, then he needs to go.
If BOK's Marda project is indeed up for sale, then management will really need to get firing. No bending around the bush. They need to pounce. In my opinion they missed out on Wolverine, meaning last year's time & effort was a waste plus money down the drain. Furthermore, whoever's idea to invite Magna to fund the company needs to take a long hard look at the mirror.
Marda has sound proven gold resource. If MNQ is able to snap this up, then they should seriously make the most of the gold bull and start a toll treatment deal with nearby gold producers. EVN's Edna May is closest (50 - 75km) and if not, China Inc's Marvel Loch (75-100km). There are also gold mines + plants in Coolgardie.
If MNQ achieves the above, then in my opinion the market will re-rate the company ten-fold, maybe even more.
MNQ Price at posting:
1.0¢ Sentiment: None Disclosure: Held