Around and around you go Doug A K but no matter what spin you try to put on this thing called MGR, it is about to be buried, dead and gone. Amazing that you can imagine that MGR will rise out of the ashes with: a) a new and as yet undeclared direction/project(s). and b) with the same management
Now, they royally messed up the sampling and trenching. They did not apply contract law correctly and apparently cannot enforce the contract shares with MAC. Ran out of funds whilst paying MAC's share for some time. Didn't make the grade when it came to processing the ore, like there was too much waste which diluted the ore itself........wow, on and on it goes.
These are the ones you will trust further funds to......joke!
Hindsight is perfect says the head man, but then again, where was the foresight!
<<<<<To above on presently MGR doesn't have the ability to take care of itself, and now wants a 20:1 to obtain others in trouble. Seems simple to me.>>>>>
Doug, simple is a key word here, write the cheque, simple eh? Wait another year and a half and let your guts twist and turn as with every release some other oversight will be revealed. Who will benefit? Well, not the common shareholder. With the 1:20 consolidation the shareholders who theoretically own the Bumbat will have so much dilution what with new shares and options warrants, etc awarded to the next batch of "investors" that the old crew will have nothing left as a percentage of shareholdings.
What is the incredible opportunity that only this management can manage? Well, there are lots of opportunities that are going to make a bunch of $$$........out there.....start with SJD for one.
See you, Doug AK, hope you don't lose all of your 5 cents per share costs on MGR as IMO we will see 4 cents soon then......3.....2....1....finis. |
