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Mahdia Gold Corp MHGPF



GREY:MHGPF - Post by User

Bullboard Posts
Post by newGuy01on Jun 20, 2013 3:01pm
237 Views
Post# 21549604

Depth

Depth

Its always worth putting in perspective, 592K shares takes care of every offer on the board. We have a float of roughly 160MM shares. Not sure if that puts anything in perspective, but when I consider those numbers it says someting to me. Average daily volume so far this year is 126,518. Thats about 12 grand (peanuts).

On another note, I think its worth mentioning that alot of the progress we've enjoyed over the past 12 months (as per my previous post) hasn't materialized into higher share prices. As disapointing as that is, compareatively speaking we're doing pretty well considering the financing environment. To put this in perspective, YTD were' down ~60%. Companies like Temex, Guyana Gold Fields, Elgin Mining etc are all down in around the same, but the difference is these companies are either well into their exploration phase or are already producers.

We truthfully haven't even scratched the surface with our flagship property and the potential at Tiger River and White Creek will probably be the icing on the cake. The slump in the price of gold has obviously been disapointing but were in a seasonaly poor time for the yellow metal.

I think too many people on this board are holding this stock for the wrong reasons. The long story short, I think a little perspective goes a long way. This company is comming along but trying to ascribe the quality of the progress to the move in the share price is plain ol' wrong.

Bullboard Posts