RE: RE: RE: HRATTLE ... fact something is down over 90% from the high is an opportunity for a major reversal ...
Not a fact. Not even logical. You are saying the further something falls the greater the chance it will rise again. So if MGP had only dropped 80% it wouldn't have as much chance of rebounding. It may work with balls - not with investments. Most of your logic about gold falls into the same trap. Here's proof you might grasp: for 18 months $1520 was looked on as being a floor for POG, once that support failed the downside risk INCREASED (and POG crashed to $1320) and that downside risk has remained high. As POG (or any investment) falls risk increases until a new floor is established - and that can take months to achieve. There is no new floor in gold yet and likewise for gold equities like MGP.
Why was the headway deal so bad?
Did you notice what it did to the shareprice and what has happened as KBG have continued to dump shares? If I were an MGP shareholder I would hate this deal.
...but the writing is already on the wall.
What is written is a bear market. Anything else is your imagination - it could come true but there is plenty more downside to look at whilst we wait for any sign of a change. ONCE THERE IS AN ACTUAL SIGN NOT YOUR IMAGINATION THEN YOU MAY HAVE CREDIBILITY. The writing on the wall is that this is dead money at best, that risks far outweigh rewards, as with most gold equities.