This is a great outcome. It shows a high level of confidence in...

This is a great outcome. It shows a high level of confidence in MGV's activities and should give MGV an
open door to the Tuckabianna processing plant. Cashflow issues now alleviate for some time. Doubly pleasing result for me since I topped up by 35% two days before the Trading Halt was applied and so have avoided any dilution as well as beat the placement price by purchasing at 5.7c. Fortuitous on my part, since I was motivated by the value of MGV with its drop in SP and not because of any inside knowledge.
I also see it as positive for Westgold. They have been working away at building up their investment in the area for several years and lining up Tuckabianna for increased processing.
Looks like any speculation about MGV making an issue was ill-informed.