Post by
Hedberg77 on May 05, 2022 10:58am
Taking stock of MGM
It's not difficult to see why on a day-to-day basis that retail investors are unimpressed with this stock at the moment (see: up 0.01, a measily 5,003 shares as of 10:02AM EDT). Furthermore, only one rig out for the rest of the year appears underwhelming (when in the past, the company hinted that there may be more units drilling). One could be forgiven for thinking that the lustre is lost regarding the AE partnership news and Malarctic comparisons. Sigh. Opportunity cost is a real thing.
That being said, Maple Gold is a potentially a sleeping giant. Millions of inferred ounces are on the books. The company is still sitting pretty with AE as far as we can tell. While only one rig is going, the drilling is going deeper. Should the 10,000m already done and 20,000m to come yield good assays, it will only serve to add ounces (and hopefully lead to over 5 million and beyond). These latter reasons are keeping many (including a lot of smart money) in with this company. Hopefully the favorable results come to pass and the eventually district level project commences. Perhaps if and once that trajectory is secured, the company with be bought out with an agreeable, well deserved premium. However, when the giant wakes up will be unpredictable and in that moment appear to happen suddenly - hopefully it's all worth waiting for. GLTA.
Comment by
Iwant2Retire on May 06, 2022 4:39pm
Me, I'm staying in. I bought more today for what I hope to be the rock bottom price lol. But I'm with Angie. The next results will dictate if I stay or if I go. Another drill rig would keep me in as well. Au Revoir
Comment by
Hedberg77 on May 07, 2022 6:06pm
I respect your decision to stay, and hope we're at or very near the bottom. Likewise, your plan to hit the exit makes sense, too. Frustration all around. Patience running thin. Guessing that management has angst, too. That bull run and compelling Eagle results can't come soon enough. GLTA