Why isn''t MMG price Higher?Why isn't MMG trading at much higher levels with all the supposedly solid properties?
The quality of the property or the Management are the possible reasons.
Which is it?
It took mangement one year to get a drill in Mexico!
They released one drill hole and can't manage to get the others released. I think the holes are good just not the management.
Management hasn't updated its website for over one year!
Management doesn't even bother to post a news release on progress in Peru!
I guess when the drill results finally are released we will see if MMG's price is low because of management or properties. Hopefully not both!
PS there are (were) 10 million warrants outstanding exercisable at 35 cents until Aug 7th at which the exercise price increases to 50 cents. I beleive this caps the market at about 55 - 60 cents. I believe at least 2 million have been exercised and propably sold. After August 7th we may get some rise from the drill results from both Mexico and Peru. Then sell and buy Duran. The properties in Peru have a tremendous potential. Fewer shares outstanding and less stock overhang with disgruntled shareholders.