It only helps to create heightened expectations which then gets dashed once the announcement is released.
I would have preferred to see a trading halt to announce a CR raising to purchase the remaining 20%. That would mean the company has real confidence in where this project is going and would be a signal to Westgold that it is "game on" in this district. If MGV can "out build" Westgold's resources, both on a quantity and quality basis we will end up in the box seat. To do that they have to think outside the box and expand the search along the Lena shear zone with real campaigns of wide space air-core drilling (looking under the lake as well). Also we need to look further west if this ground hasn't been explored as it seems as if the Lena fault is a splay to the main Cuddingwarra shear that seems to run through our ground on some maps. The Cuddingwarra shear runs from Mount Magnet in the south to Cuddingwarra in the north and splays out to host the Great Fingall near Cue. Also we need to finish testing Vostock (near the Comet mine) to the NE if potential still remains there and also revisit the Lady Star Dust, Hunk Dory, Laterite Hill and Purple Rain gold prospects if they warrant more work.
Then we need to put a for sale sign up on the VMS exploration. I noticed that on old tenure maps of the area (put out by the company) Rio had three land holdings to the east and north of us on geology which is principally mapped as granite and meta-granite. One of the holdings sits north of Hollandaire. Does anyone know what Rio is doing with these tenements and what they were looking for? Esh
MGV Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held