RE: shortsHey Newt,
Great to see someone being honest with how there investments are coming. I purchased a wack load when it dropped below a buck having an ACB around 70 cents. Im not saying im some guru because if I was I would have really loaded up at .35 instead of chickening out. I did hold all my shares and still have 80% in my portfolio.
This one got ahead of itself when it shot to $2 but the real value I see right now is when you compare it with UEX and URE. Both of which I owned and are great stocks. In the past the 3 stocks have moved similarly but while the other two really exploded MGA got nailed to the cross for their stock issuance a while back. It looks to be finally recapturing some momentum.
The assets are tough to say, looks like the Australia one is going to get the go ahead but the greatness is that this company has many different U zones, they did spin their South America asset off through the deal with UWE in which MGA shareholders got shares of UWE which is turning into a nice little sum.
I would def say its def a buy if its below 0.5 of UEX/URE which it was for a long time. at 1 to 1 with URE/UEX i might sell off though