GREY:MPRXF - Post by User
Comment by
hrattleon Mar 04, 2012 6:38pm
216 Views
Post# 19624804
RE: RE: RE: M&I combined is close 2 Millions ounce
RE: RE: RE: M&I combined is close 2 Millions ounce ...to make this play look bad.
I don't make it look bad - they did that all by themselves. I like MGP - I hope to reinvest one day - but I'll wait for the sell-off to settle down after the self inflicted damage caused by the latest dilution.
Just imagine if when LC walked at Headway Jim had announced a new rig being brought up immediately and that they intended to find the GC HGZ extension at full speed - why not bring up two rigs. What would that do for the 2.6m warrants that were a penny from being in the money but have now expired worthless? If they had got the cash from those warrants they could have postponed the PP for months and then diluted at a higher price. Instead they went cold on Headway - that sounds like an out of touch management (or else they know something about Headway they are not telling us).
Don't blame me for management killing shareholder value.