Mega Precious Metals Inc MPRXF

who would have thought

[threepalms]

that KBG would become the 5th largest shareholder of Mega.

[hrattle]

That MGP would fall 20% after acquiring Headway? Last year MGP jumped more than 50% after tax loss selling was over - excitement in part generated by Headway which was quickly crushed. Have they learned that lesson?

[Curvature]

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[threepalms]

I have nothing to say until at least March. Oh I forgot..I am out of the country most of March. Lets make that end of March.    

[loomisgold]

They issued the shares to KBG because they didn't want to look like they bombed out. They don't care about the dilution. The only one that would be remotely interested in that property would be Goldcorp and why would they want it after Mega drilled the so called down dip extension and it wasn't there. If they had to make a large cash payment to KBG do you think they would have done

[hrattle]

Nice little rant loomis! Sadly your guesses are as good as any I have seen here!

[Curvature]

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[loomisgold]

I could care less what value you put on that property.it is dead in the water. Just because you spend millions of dollars on a property doesn't add value to it. It is a piece of tie-on ground and if Goldcorp thought it was  worth anything to them they would have owned it by now. They had a theory,drilled it off and it didn't pan out,I don't have a problem with that. I

[hrattle]

Curvy your logic is flawed. Taking a position in MGP now is a bet that you can flip it once they announce the drilling plan for Headway. Otherwise if they sit on Headway then any news from NM and MB will be met with the usual sell-off in anticipation of further dilution. It doesn't matter if Headway is a dud (and it could be a dud even if there is a high grade zone) - what's needed is a

[RMC12345]

You said " They had a theory,drilled it off and it didn't pan out." You are right!  It hasn't panned out ..... yet!  But not because the HGZ is not there. How can Headway be 'dead in the water" as you put it, when the geological model proposed before the drilling started was closely verified.  And when the drilling stopped in the beginnings of the

[thehammer2]

VERY VERY TRUE RMC. If it was "dead in the water" they would have given it back to KBG. People in know KNOW! This hole is a VERY CLEAN one (little obstructions, very few wedges 2-3) and is a RARITY at this depth in Red Lake. The hard part is done and it WILL be completed. If not by MGP by someone else IMO. TH

[hrattle]

People in know KNOW! What is it you think they know? I agree with you that Headway is still an unknown, that MGP have genuinely closed on the option because they believe it is worth it and that they will announce a drill campaign for it. Hopefully MGP shareholders will be rewarded for this - they have suffered badly since MGP made the mistake of pulling out of drilling Headway (and make no

[loomisgold]

OH PLEASE. Give me a break . Do you really believe that they would have shut down the drilling knowing that this Mother load was a stones throw away.Even if the driller left and as you say the hole is very clean,would they not get another drill asap to complete this "company maker" hole. I am not happy with their management but I know they are not that stupid. they had the money,they saw

[ramblersrest]

Your opinion is contrary to what the company's stated opinion is . They feel they are very close to the continuance of high grade minerialization . Jim would have wanted to keep drilling ASP with another company but he was over ruled . That decision is understandable as it would be costly to restart another driller and there was discouragement after 3 years of drillings with serious technical

[Curvature]

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