MGT 2.04% 24.0¢ magnetite mines limited.

Worth Shorting MGT?, page-14

  1. 904 Posts.
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    History may not repeat but it sure does rhyme.
    My 12years of holding, waiting for a project development has been wasted. And too many have milked MGT along the way. But you can hope like me if you want to.

    no. 1 mistake...
    Never Fall in love with a stock

    no 2 mistake
    The market is always right

    no 3 mistake
    Should have sold MGT at 9.4c and bought HIO

    Haven't decided what to buy actually but I will say I could have lost $20,000 during the last week if I had still been in love with this stock and had not exited.

    I hope all you "new" holders don't fall for the hype, because back in 2009 they acquired Razorback. And don't forget the PFS stated the site had not been visited since 2011 or thereabouts. Go back to the PFS and find that small print or search threads here on HC around PFS release date. 10yrs is a long time not to have boots on the ground.

    yes there were Red Flags along the way and I ignored them all because I was greedy. Instead of being realistic.
 
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