MGT share price, page-7099

Come on guys. Why we are turning to pessimists? There are 3.04bil shares on issue. The sell wall is 27 mil. If PFS is going to be a duster, the sell volume would be much bigger and SP would have crashed by now. Although we say the information doesn't go out until released in ASZ, there is always some source of leakage. Like a truck driver's friends' son's friend would surely know some information. If you look at the chart, it is in solid uptrend that means buy volume is much higher than sell volume for a while now. Remember the same action happened when SP was below 1c and all the way through. There is no need to panic if it drops view pips. In the long run it is destined to go where it should be.

In addition to what BT already said as to why PFS won't be a duster, just adding few more points.

1. This is not the 1st time PFS has been completed therefore we have past data to look at to gauge the future outcome.
2. A different management, different approach
3. NextOre technology
4. Selective mining and small start up with low capex requirement.
5. SA government support under SA Govt magnetite strategy.
6. Forward IO price forecast much favorable than 2013.
7. Directors not selling single shares but converting their options.
8. Instos came to us for CR rather than we go to them via broker firm.

It leads me to believe PFS is going to be exceptional. The only thing we don't know at the moment is what level of production the management would want to start with. Higher level start have positive impact on NPV. 10 mtpa should give us NPV of over $5-7bil on conservative forward IO price.