Migao Corp MIGGF

RE: RE: RE: mackenzie early warning report

[Bullseye97]

The thought of a disagreement over the importance of breaking new ground SE Asia vs milking the tried and true in China crossed my mind. I was leaning, though, to not getting a seat on the board. They were approaching 20% and then the PP diluted their position. Who can argue with beefing up the balance sheet while the price of Potash is still sliding to who knows where and the stock price is not too bad. When the risk subsides, invest. That's pretty much what they've done. Personally, I like the idea of 'do what you best' as long as it keeps delivering. Do all the due diligence and build the base elsewhere for when it's needed. You are right Beancounter, their window of opportunity is not endless so they need to milk it for all it is worth. As for Mackenzie, who knows. We've all heard the saying, 'there is no wrath like a suitor scorned'. The price will come back for us. Too bad the loss for their clients is permanent. Finally, Senjan. Thanks for bringing this up, It does explain so much about the relatively poor SP performance despite continuing to be a good fundamental operation and delivering results in a lousy environment.