Mega Uranium Ltd T.MGA

This one needs to move higher

[MightyMorf]

One of my worst performers besides T.LAM

[dogatcat]

Looks like it is moving higher on high volume.   Looking good here.   Can we see $0.40?

[neilcandi]

Every Uranium Company is breaking 52 week highs I see no reason why this one won't do the same.  

[dogatcat]

I like the price momentum.  We are heading for 50 cents baby!

[MightyMorf]

MGA should be trading mid .30's with the amount NXE sp has risen.

[MightyMorf]

Finally!  Now move in to the .40's for next week

[Cupcakevb]

I've been waiting for this for a long, long time MM! Hope this is the real deal this time.  Any "forecasts" out there as to where this will go? I understand it's price is basically determined by the stocks that Mega have invested in.  GLTA!

[MightyMorf]

They own a lot of NXE.   So how about .60 year end?

[MightyMorf]

But who knows the way spot is rising maybe over a $1 for MGA.   GL!

[Cupcakevb]

I just did a quick calculation with regards to Mega's holdings and came up with a current value of 180ish million. With current shares outstanding, we're looking at a current value of about $0.50. 

[dogatcat]

You are right at the number.   Seems to be hitting a wall here today.  Selling back.

[MightyMorf]

The higher NXE goes the higher MGA goes

[dogatcat]

And it stalled when NXE stalls.   Uranium producers are all taking a hit today.