maybe it's just people deciding to sell Where's Bullish trends? I see he's been absent for a while.
the wider question that should be asked is, 1year ago MGT was above CAP now HIO. And cap at 4c was languishing due to legal issues over it's tenaments.
Today , one HIO share is worth 20 x MGT share.
As for shorting, one would expect HIO to be shorted, but they just keep going up don't they.
I sold MGT because after 12years holding in faith, I see no improvement, just share dilution, which must now risk consolidation at the next AGM.
i also fear that the new CEO will cost alot.
Oh and for those of you that are newbies, just know that MGT had a hot shot CEO some years ago. I think he's still the largest shareholder. That period of management resulted in significant dilution of MGT. I hope the next CEO does not repeat the past.
Worth Shorting MGT?, page-11
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $24.55M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 23.0¢ | $4.526K | 18.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 137532 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 86500 | 3 |
View Market Depth
| Last trade - 13.41pm 30/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |