Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-42

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spurlo1

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04/11/16

20:43

Post #: 20386967
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Originally posted by eshmun ↑

spurlo1,

Were you at the AGM or are you just referring to your read of the presentation?

I read the preso and it seemed competent but a little down played. This could be this company's style. I won't be worrying as long as the share price is higher when we next have to put out our hand for cash. If the SP does a dip or two up until then that might be expected as there are good profits for some to take. My opinion is with the current market cap the profit takers are still leaving money on the table for the people with a longer term view. The resource at BoD will help inform the story and who knows they might fluke it looking for VMS and we could be off to the races. The downside isn't huge IMO as long as the grade of the resource comes out with a 5 or better in front of it. If they try and eke out a bigger resource with a low cut off grade and they kill the underground story they'll be shooting themselves in the foot. I'm not even sure if its even possible to do that with this style of deposit were the gold is so confined.

Better to start with a smaller higher grade resource, then it is easier to sell the story going forward. (ie we will add and/or find repeats). Esh

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No just my read Esh. Seems that's RW's style at the moment, hopefully for good reasons. Very happy overall at the moment.

MGV Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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Ann: Quarterly Activities & Cashflow Report-MGV.AX, page-42

Top Stories

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

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

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

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

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