Closer to fair value but ...
I have to admit that I loved being able to buy greatly discouted shares while the buying was good ... maybe I should not have pointed out this discount too soon.
I was recentlyposting on the NXE message board and to TOE shareholders on an Australian stock chat website. Both shareholder groups now understand who and what MGA is all about and why they are worth serioulsy considering to own in their investment portfoli.
The way I calculate it MGA shares are still a decent value at 19 cents, and imagine a sp push into the very low 20's. For MGA to be fully caught up in real time value their sp will need to be closer to 23 cents/sh. Once the sp does break 20 cents/sh I imagine their should be a small drop that will indicate what the next level of support will be .... that should be the next good buying opportunity.