Post by
RiverOrion1 on Aug 11, 2016 9:50am
vinny
bankruptcy wouldcost mng more than any gains. debtswill have to be repaid before anything. now that they havecash flow, now that they are pulling the gold out of the graound that is less likely. even though it may seem slowits happening. they were allowed 4 months to not pay theirdebts because the creditors dont want them to close the mine and go bankrupt. everyone is pulling for this thing to progress. i read something on bloomberg that mng doesnt want to take control of aureus, they just want to be a strong supportive shareholder. in my uneducated oppinion of what may happen isthat another goldminer might try to buy aureus at somepoint. its possible now that its producing andagain this is not a bad thing in my view. trying to do some reasearch about what we got ourselves into. global gold production has been declining and we are in a brand new mine that is now operational and now producing. these are very good things. analysts have said gold could reach 1400-1500 by years end. another positive
Comment by
theo1264 on Aug 11, 2016 10:30am
But if you are a longer term investor like me, you buy more shares on drops. I'm keeping my 1.6M shares and if price stays down in short term, will be accumulating more. New and smaller miners always have issues on startups. Nature of the beast. Patience is a virtue. Now that we have cash rich MNG on our side and serious talent, we have everything we need to be a successful junior-mid miner.
Comment by
TheRealKing7 on Aug 15, 2016 11:40am
You are a mindless fool this stock is going nowhere, anytime in this lifetime. Now is not the time to hold this stock when there are many gains to be held in REAL miners. What is your track record in trading have you made any money in your decision making logic ? Doubtful I would venture to speculate ...lol
Comment by
vincentmtl on Aug 15, 2016 12:49pm
You are funny, stupid guy, but have earned lots of money. Congratulations! Note for you, I just buy some shares recently, almost the same cost with MNG. Plan to buy more in the future. I am a long holder. And worship everyone sell in desperate, then I will buy. Or in reverse.