Damn! I missed out on Marengo Mining (MGO.ASX) before Friday closing...and now its running away from me. I had an order on at 31.5c at 3:40PM Friday, and missed out in some late buying. This is a stock which I recommended back in October. Meant to tell you lately, but never found my desired entry price. On Friday, I just gave up and decided to get some...or so I thought :( Hope you did better.
Ok...I managed to get a few MGO on opening at 35c....not sure how because I expected them to open higher...anyway frenetic trading on both sides. I'll have to wait to see the ledger as they are now 36.5c. The appeal of this stock is that they have a VERY large copper-gold deposit in PNG; the company is well-supported by institutions, and the company is at a fairly advantaged stage of development. Copper-gold are the commodities to be in, so if you have them, you are in a good position. I am expecting a rally over the next few weeks in this stock.
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