Pushing won't help Hi value2020
nice trying to push this share up.
But when you're trying to do so, stick to the facts at least. For example covid didn't have any influence on the numbers. Those are getting worse and no one really knows why. There are many ways in creative accounting.
Obviously you are quite new in this stock and not quite familiar with the usages of MG.
Yes they were talking about buying back some shares. They didn't. Why? I don't know. I did ask them… no answer.
The only chance to get the SP up is a Hong Kong listing. I heard they have been working on it over a year, but they are still not succeeding. Why? I don't know. I ask them… no answer.
Hundreds of million shares are owned by Chinese, they don't trade them. Do they have an interest in a higher SP? One should think so. Yes there was that PP over 0.15 and one should think someday the buyers want to make some profit, but maybe some other things are going on over there.
So, if nothing happens, the price of gold could go way higher and MG will still be around ATL. Because nobody important wants to buy something when you can't sell it later. The company is so cheap, because there is a reason. This is a vicious circle.
Yes I think they are producing gold over there, the rest only a few people know.
So maybe value 2020 if you keep pushing hard enough, you can sell your few shares to a greater fool with some profit and call that a home run. But maybe instead of pushing around with dreamlike estimations you could ask the vital questions directly to the company. I am curious about theirs and your answers.
Regards
Armitage