M&I combined is close 2 Millions ounces Our M&I gold resources is 1,983,177 ounces close to 2 million ounces of M&I
MB 1,046,010
NM 937,167
Total M&I 1,983,177
Why is Mega shares trading at .59 cents because the wise market really knows the value of Mega
Or is it the short players that want to keep the share value of Mega very low so they don't lose their shirts.
I agree with you Hrattle lots of shorting was going on recently and that could bring the short position of Mega even higher.
Is this play worth 65 Million the answer is NO that is what the market is giving at the moment due to certain
constant selling pressure to force the price down by our Monkies.
Facts are facts Hrattle I have been watching all the shorting on daily basis and I know both houses that are doing most of shorting and sometimes they appear to be getting very nervous.
Most of the upside pressure was caused by short covering at some point recently.
The present valuation of Mega in my view is based on a discounted value due to heavy shorting done by our short players.
That is why Mega is trading so low because some folks want to keep low.