Well it’s been a good start to the year for MGT and with iron ore prices steadily on the increase and green steel becoming more of a certainty for the future, mgt looks to be in a good position for 2022.
Capital raising will be the next turning point in conjunction with DFS and as I’ve mentioned previously a JV is needed to get this off the ground sooner.
I have no doubt that management are doing a great job and most new investors would like to see some positive returns this year.
I do see a substantial amount selling still happening by some big fish, don’t know who but a least they aren’t dumping all at once, the reason I say this is because while looking at transactions happening live and when we are just about to move up in price, magically another million shares pop up for sale, correct me if I’m wrong in saying this but I guess trying to off load 100 million shares won’t be easy.
Im just stating my personal opinion here and everyone needs to do their due diligence in investing, for me it’s just allowed me to average down on the PFS investment so I’m taking advantage of the lower price, next week anything below 2.9c is a buy.
Add to My Watchlist
What is My Watchlist?
