MGT 3.45% 14.0¢ magnetite mines limited.

MGT share price, page-5477

  1. 3,078 Posts.
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    Yes i do. Thanks for asking in such a polite way.
    Happy to share my thoughts.

    1. Instos like credit suisse buying and dumping us, as has been shown by analysis posted in corresponding threads. This impact has been significant.

    2: The snowball effect of the above. Everybody that bought into this on the pump of the instos. All the facebookers, the redditors, people that like to follow movements because they can't think for themselves - are now selling on the dump because... they are not fundamental analysts, and just... dont know what they've bought. They haven't done the research. And so they're panicking. Its absolutely hilarious.

    3: This thing with China. The conflict. Lots of people are holding their money in this space. This is not hilarious. This is quite scary, and probably the biggest actual long term stressor we're facing right now.

    /in summary, we have some short-term, and long term stressors stepping on our tail at the moment.

    However...

    I think we're going to be okay.
    The company is still functionally and fundamentally sound.
    And the most important thing to realise, is that even without china - our product will have a place on the market. That's the nature of high grade steel. Its just a good product to be selling, in the coming century.

    DYOR IMO etc.
 
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14.0¢
Change
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Mkt cap ! $16.14M
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14.0¢ 14.0¢ 14.0¢ $1.128K 8.055K

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