Like I said, this is a hype stock that got pumped hard and now pulling down hard...which then makes you wonder what you bought.
Not saying MGT’s potential is crap, just saying to now really understand the business and what they are trying to do. Filter out all the tunnel-visioned comments and go do some reading on magnetite, iron supply and demand, geo-politics, and other similar small cap competitors (i.e. iron explorers).
Some in here will scream and shout at me for being seen as down ramping...but the truth is, I am not the only one that has this sentiment.
For me, at 1.0c - 1.1c, it’s worth re-entry as a punt based on my read-up and talking to a mate who actually worked for a iron miner (not explorer)...
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $25.07M |
Open | High | Low | Value | Volume |
24.5¢ | 25.5¢ | 24.5¢ | $7.014K | 28.18K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 46567 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 10764 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 46567 | 0.245 |
1 | 30000 | 0.240 |
2 | 3808 | 0.235 |
2 | 8500 | 0.230 |
1 | 2250 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 10764 | 3 |
0.275 | 4318 | 1 |
0.280 | 200000 | 1 |
0.290 | 100000 | 1 |
0.300 | 12351 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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