GREY:MHGPF - Post by User
Comment by
smcaptraderon Mar 18, 2007 7:54am
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Post# 12438853
Reasons MGD will move
Reasons MGD will moveIn anticipation to news I feel Mondays open will be the start of a high volume day. After reviewing again over the weekend I am now certain we could see another 50-75% gain. So I will now buy at this price.
Looks like this could have some real potential, I was just skimming through and from what I gathered these are some possibilities.
(1)They might be announcing that production may start from their gold mines. They acquire a 100% interest in a portfolio of mines and advanced gold projects in Zimbabwe (the "Duration Projects").
(2)It appears that historic resource estimates for J reef may be understated by as much as five fold. Mr Peter Haworth continues to investigate the issue and should shortly be in a position to submit resource estimates for third party competent person's review.
(3)They also could be on the acquisition path.
(4)All I see is upside from these prices.