MGT 1.67% 30.5¢ magnetite mines limited.

Ann: Appendix 3G - Conversion of Equity Securities, page-13

  1. 2,694 Posts.
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    Hey @raysea
    This is true but still but I'm still happy to see anything sold at 5c haha on 1c heads whether is $1k or $1 mill

    also I wouldn't read o much into BHP mothballing Roxby especially without definitive info, this could have happened for a wide variety of reasons

    but the misinterpretation could have caused a mild sentiment fluctuation amongst other SA mining/exploration companies...

    IMO nothing has changed for MGT, fundamentals remain the same, price has fluctuated but a couple months ago we were at .02c so consoliation above 1.1c is wonderful at this time.

    Once the short sighted and impatient profit takers are deblt with, this should climb nicely, even more so if accompanied by positive news.

    we have to understand guys when sitting at 1c it's easy to make decent profit off a couple pips, this will play on the greed of the above mentioned short sighted and impatient as well as attract traders not after accumulation; but profit, essentially creating high volatility.

    it will eventually pass as SP and the company grow.
    and the fluctuations of a pip or 2 have a significant less impact on percentage of share price
    Last edited by BullishTrends: 24/10/20
 
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