Post by
Stockwizard10 on Nov 09, 2023 11:10am
10percent at these prices
10 percent holding at these prices. Somebody is very confident to be putting that amount in. Must be very confident of a good return. So I think it's nicely under pinned here .
The reason is this is significantly underr valued and you can bet they know more than the average pi about future events.
Buy buy buy
Comment by
CravenMoorehead on Nov 09, 2023 12:59pm
Nobody takes a 10% position without a bit of inside info....
Comment by
Stockwizard10 on Nov 09, 2023 1:03pm
Indeed. Looking at the charts we hold above recent highs, it's going to open up the 5s with a target of 5.25 and above . Gla
Comment by
windymayor1 on Nov 09, 2023 1:09pm
Eric Nuttall's Nine Points owns $100mm worth of MEG. Are you saying he owns it based on insider info too? I expect their invesestment decisions can be purely based on available public info including having a comfort level and knowledge of the domestic/regional assets and the CEO's vision for the future.
Comment by
Stockwizard10 on Nov 09, 2023 1:17pm
I think I'd sign the insider list with that kind of investment, wouldn't you ,?
Comment by
windymayor1 on Nov 09, 2023 2:08pm
I don't think they are done buying. Can go up to 19.9%.
Comment by
CravenMoorehead on Nov 09, 2023 3:03pm
$100 worth of MEG is about 1.4%...