GREY:MPRXF - Post by User
Comment by
hrattleon May 15, 2013 10:41am
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Post# 21394239
RE: HRATTLE
RE: HRATTLE ... pushing the bear story on MGP?
MGP is down 50% YTD and more than 90% from its 2009 high. Need I say more? MGP is pushing the bear story I am merely paying attention.
MGP made a huge strategic error with Headway, otherwise I think they have done what most other juniors have done. All gold companies have been guilty of believing the goldbug story - some of them have done so cynically but I don't think MGP fall into that category. They are genuinely trying to build a company through Monument Bay but it is still too small and too remote to be economic UNLESS GOLD IS OVER $1600/oz.
The MGP story is ALL ABOUT POG. Where POG goes so does MGP and with gold confirming a bear market the MGP story is dead for the foreseeable future.
If you have a different opinion feel free to post it. Attacking me won't get your money back.