GREY:MGMCF - Post by User
Comment by
shambano1on Dec 31, 2013 1:37pm
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Post# 22049228
RE:not real sure about the big order yesterday
RE:not real sure about the big order yesterdayBuying today at 0.16 is a good risk/reward IMHO.
I own shares and I'm biased but they are sitting on a large land base with Canol shale oil prospects and they have drilled a well and we are waiting for more techincla information form that well, but until they sign a JV why give the milk away when you can sell the half the cow, or something like that.
trust me MGM will not be trading at 0.16 when a JV is announced, it's just a question of time, 1-3-6 months. I fighure they want to drill next winter and that means a signed JV by late spring or early summer.
cheap cheap cheap, but I'm biased and long so DYODD