otto admits he was wrong about mag...

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aitakahashi

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otto admits he was wrong about mag...

posted on Jan 21, 2009 06:30AM

well, sort of. he still doesn't see any additional value in the news releases of the past few weeks.

Mag Silver (MVG) (MAG.to) up 3.6% at U$5.45. I still say that MVG is on a road to nowhere, Fresnillo is the only buyer in town and there's no reason why we can expect either a counterbid or an improved FRES.L offer. All that said, my thoughts from a few days ago to "take the bonus money and run" have been proved 100% wrong. The stock is up another 10% or so since then (though volumes remain low). Hell, sometimes I'm wrong about things. Big deal.