MGT 3.45% 28.0¢ magnetite mines limited.

MGT share price, page-5157

  1. 4,198 Posts.
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    On the issue of dissenting opinions:

    I agree with the people who say that voices urging caution should be allowed. I have a lot of my hard earned money invested here, and I do NOT want these threads to become an echo chamber of only positive vibes.

    The quality of some of the posters here is outstanding; you all know who I'm talking about. The threads have, by and large, been respectful and good natured. Everyone has been given a fair go, and indeed some critical voices have brought out the best analysis from holders. However, I get a bit cynical when people appear out of nowhere and claim to have sold at the top. Or what they perceive to be the top. Only hindsight will show if they are correct or not. I do know one thing, these threads are littered with the corpses of naysayers who couldn't back up their opinions. But hey, if you've got something to say, don't hold back. But a glib "one liner" doesn't cut it.

    The vast majority of us have been here for long enough that our colours are nailed to the mast. We were calling it while still in the teens, and a few even lower than that. The point is, we are transparent. You know where we stand by reference to our posting history.

    Money makes people do all kinds of bad things. Whether, i'ts jealousy, a desire to knock down the price to get in cheaper, anger at having missed out earlier- whatever. I have every right to be cynical about posters who magically appear proffering advice without ever having posted before. Especially when they do not offer any insightful analysis to back up their calls. Sorry, not sorry. Like i said, its an issue of TRANSPARENCY. If they really held before, why weren't they posting?

    On the issue of the PFS:

    The video posted above makes for very, very, interesting viewing. But one thing REALLY stood out for me was at the 11 minute 40 second mark where Peter Schubert discusses the Scoping Study. ASX regulations prevented publication of the data from that study, but they are looking freed to inclusion of same in the PFS. Hint, hint. Read between the lines.

    On the issue of Price Action:

    Here is a long term chart. It has multiple bags to go in order to reach historical highs. And now we have a supportive State government, new management, new Ore sorting technology (!!!), massive infrastructure spending throughout the developed world and unprecedented money printing which is finding it way into the commodity markets. The fundamentals have never been better.

    Anyway, just some more random musings. Good luck to all of us, holders and non-holders alike.

    https://hotcopper.com.au/data/attachments/3116/3116022-4a0e2dea0f1152bc81ac088edbe5b422.jpg



 
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