RE:IMG up, MXI downBoto is going to add at least $500million to IMG market cap from where it stands right now, especially after what appears to be stellar DD results.
Today's trading in part was due to Boto so it's good to see the market give it some recognition even though Boto still figures in close to $0 in the market cap.
If the market does finally recognize the value of Boto to IMG, you can be sure that Merrex will benefit big time from that. Today, the two were decoupled. Many current IMG investors know just about nothing about Boto, let alone the fact that Diakha even exists and that it is not much more than a stone's away in distance.
This is a great time to add MXI shares. Other than Eastern permit results to come in yet, as well as news on the drilling program for the rest of 2014 and 2015, the news will be minimal for the next few months. Any motivated seller is going to feel some pain trying to sell into a no-news cycle like this and that opens up buying opportunities. I had thought I was pretty much done buying but I will be a buyer below .10.