Why would anyone want to get out of stock with $8.5m m/cap with what will probably end up an oversubscribed SPP with perhaps $4m cash or even more? Agressive Q3 Drilling, tiny cap relative to peers in a proven region, favourable sector and management form on news-feed.
Do your FA, with due due diligence, and you will totally understand what he is on about. Whilst there is price pressure from SPP, use that opportunity wisely if not yet set, if you like it that is.
MGV Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held