RE:RE:New presentation up and imminent eventsRetail flippers selling the chart formation.
MMG management can create a new price reality by executing their strategy of divesting themselves of the Keno property and embarking upon continuous drill programs at LP.
Without a continuous flow of news the short term traders can't help themselves.
It's up to management to change that -and the sooner,the better. It's been a long haul waiting for them to separate their flagship project and create the conditions with their other assets to drill and develop La Plata full bore.
The restructuring of the company is in the works and that will expedite LP -and the SP- going forward. Let's hope MMG's record glacial pace ,especially at Keno, is to be usurped with the assistance of the new directors ASAP.
Long time shareholders know it is time. It sounds as if mgmt. has finally made their decision and are embarking on executing their developmental strategy of LP.
This is essentially the Nova Gold team whose SP went from twenty cents in 2000 to $10 in 2005.In 2006 the SP skyrocketted to $18 on the hostile takeover bid by Barrick.Nova Gold shares hit $20 in 2007.