RE: Today's Tweet From MNRG6 Dec 2019 12:22
interesting price action.
from a risk/reward perspective :
- oversubscribed placing at 0.45 (so this should be the bottom)
- no further dilution possible as main market listed
- massive Au grades at Gold Ridge offering significant near term cash flow opportunities
- Further news regarding tailings samplings imminent
- new O & G play for which MNRG have exclusivity in negotiations till Feb 2020
- recruited Pierpaolo Rocco ((Total, Eni, Shell) to oversee this new O&G project
- strong link to Exxon assets in Romania
At a current 0.5p per share, the mcap for MNRG is still tiny (£1.8m)
massive upside imo - with negligible downside.