I don't think ADN is that good a comparison, its an industrial material company, I think the price is being driven by future novel and unique applications of Halloysite not the current porcelain and ceramics market for Kaolin. it's mining operation is simple and cheap and funding operations is within the company's financial capability. MGT on the other hand has a massive resource and will need lots money/infrastructure to enter a big crowded market. Sure Fe/steel is hot now in the post COVID boom, but China is looking to diversify suppliers away from Australia. (see an article 3/April in the South China Morning Post about Simandou) When Vale, BHP, RIO, FMG are all in the game there are no easy wins. Sounds like I don't believe in MGT but I do, early success may well make it a target for the T/o players. I've been a holder for along time and am continuing to grow my holdings because I think it's a good project with good management, all I'm saying is all this "irrational exuberance" for a quick buck is pumping and should have no place in investors/LT holders considerations.
DYOR/GL
Declaration I hold ADN too.
MGT share price, page-3835
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 81434 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 0.185 |
17 | 175074 | 0.180 |
6 | 73682 | 0.170 |
2 | 11200 | 0.165 |
1 | 70000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 81434 | 2 |
0.225 | 7000 | 1 |
0.230 | 114715 | 2 |
0.240 | 15000 | 1 |
0.250 | 3120 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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