RE: Read this2 Dec 2019 00:17
Carrefour - most sensible traders/investors will recognise and readily admit that with the news recently released in relation to Gold Ridge 30g/t gold grades and a potential 75% ownership/acquisition of a revenue producing O&G asset, the current mcap for MNRG at 2.4m mcap is grossly undervalued.
This disconnect in price is what essentially should drive the sp up to a more sensible level.
Not forgetting there are only 300m shares in issue and the company is listed on the main market (not AIM) therefore can't issue placings willy nilly.
Personally I think MNRG will consolidate briefly at 0.70 and then continue it's re rate beyond 1p+ while shares churn from the traders to the investors.