Post by
Traylblaze on May 13, 2015 2:17pm
Mega Precious Climbs to .10 Cents A Share
Today And 625,000 shares were bought by Questrade. Lots of buying recently. High volumes, clearly there is upward momentum. Mega continues to advertise heavily on Stockhouse. Another offer is coming and the volumes definitely support that.
Comment by
Miran on May 13, 2015 3:42pm
The MGP SP is directly related to the SP of YRI , which is currently trading @ 4.82 Based on the YRI offer of.02092 +.001 MGP is Valued @ 10.02 CENTS if the deal would be completed today. Advertising- I am sure they had a contract in place with stockhouse before the deal was struck.
Comment by
souwester on May 13, 2015 3:49pm
Personally, I'm now out of MGP. I concluded another offer, if it were coming, would have appeared by now. MGP shares are now "derivatives" of YRI shares, IMHO.
Comment by
Miran on May 13, 2015 4:57pm
There is still time to get another deal, management left the door open until June.
Comment by
souwester on May 13, 2015 6:43pm
There's not much risk to waiting for another offer; I just decided to put my money elsewhere.