If MGT management had institutional investors lining up then they would have to declare it to the market.
mgt is the 2nd hand car that nobody wants.
we have been waiting for funding in some form or another since 2014. They try and try but no one funds.
so folks it might be pertinent to assume no funding in 2023 and just continuation of the spin at each quarterly because hey they are good at spin and people keep buying the rehashed story time and time again.
price is irrelevant. Actions are important. I don't see any mou or off takes or a start up line of credit. So why should any investor believe what is published by management? An independent analysis of the project is what is needed especially if confidence is lost.
Also, note that money does not grow on trees and 2023 is going to be a very difficult year for funding. If and when it does come you also need to consider control of the project could also be given to those who "fund". They ain't going to give money for nothing they will want it at a rock bottom bargain price and they will probably want control.
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