Club Mulgoa

Thursday, July 17, 2014

TON

This has gone crazy.  Unless there is impending drilling results known to insiders, it is irrational exuberance to the hilt.  I bought at 6.4c average, twice in August 2013 when it kept falling in spite of finding more graphite.  I nearly sold some at 49.5c a fortnight ago but took the for sale sign off.

Today, it returned to the market after raising AUD$8 million via a placement at 50c.  It fell first and then rocketed up to 79c.  If it emulates SYR, then it still has a long way to go.

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