MGT share price, page-3964

@MrStrengths
Agreed there seems to be a big demand zone in the low to mid 4s and we have tested support there beautifully keeping those higher highs/lows, we saw a very brief dip to 4.1 with a total of 80mill units buying, then the following day sells were being soaked up at 4.3 with a total of 140mil+ units buying and drying out the sell side nicely. Looking strong to continue med/long term trends as PFS is only drawing closer, we may see some side ways action as we continue to consolidated but I believe the ship for entries in the 30s has sailed and IMO will be confirmed upon a retest if we don't continue to climb beforehand.

You know my stance on PFS and how a sooner release would be more beneficial for the company re options execution etc.. but with that said if PFS comes after OC expirey, SP will still be significantly more accomodating for the DFS funding in Q3 *example a CR at 8 or 10c would be less dillutionary then the options executed at 5c*, obviously this scenario comes with more future uncertainty as options are quoted and available to the market but regardless a win win in either scenario.

By them saying "by end of July" or "Q2" doesn't necessarily mean the latter of that timeframe and by their comment of being advanced on the project in some areas, it could even be interpreted that the overall project is ahead of schedule which still suggests PFS is ahead of schedule in one way or another.

Regarding Muster dam news it says in the recent MD announcement that we will be advised on intent to progress the project within 3 months of the tenement grant date, upon the completion of an initial review of historical datasets and evaluation/exploration work.


Kind regards
DYOR GLTASH