MGT

1.92%

25.5¢ magnetite mines limited.

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Jas K

585 Posts.

201

14/01/23

15:41

Post #: 65692807
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Originally posted by MrStrengths: ↑

Macro events once again appear to be in MGTs favour. IO going up.

I'm still scared of the state-backed IO company over in China, re controlling the IO price. Usually when China wants something done, it happens.. at least was my thinking.

However - maybe china don't have as much control over IO price as they think?

I'm watching here, with interest, from the sidelines. MGT got dealt a bad hand with the macro events it seems, last year.. i sold and stayed out, with a loss, and licked my wounds - I was scared off entirely by the China Mineral Resources Group, and found the relentless downramping here really difficult... and got tired of defending from that.

It was through sheer luck i didnt hold through consolidation, however i remember expressing here i thought it would likely occur, due to my own perceived benefits of same.

I don’t blame management at all, I think they did the very best they could. I think they're still doing the best they can.
I'm an investor, and I only hold myself as responsible for my losses.. macro events were not in our favour, and those are learnings for me, for next time, re awareness.

Peter Lynch, famous American investor, talks about turnarounds. Maybe MGT is currently at that point. I suppose we'll see.
I don't think my held options from last year's raise will quite get there, but who knows.

Just want to say good luck to all those still holding and who believe in this company.
Again, I think managements hearts are in the right place. Hopefully it all comes together.

'Buy the ticket, take the ride' - Hunter S. Thompson.

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Did you sell your entire holding or reduce your holding?

Sentiment saying "Held"

cheers

MGT Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 25.5¢		Change -0.005(1.92%)		Mkt cap ! $26.06M

Open	High	Low	Value	Volume
25.5¢	26.0¢	25.5¢	$7.843K	30.66K

Buyers (Bids)

No.	Vol.	Price($)
9	54153	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	9600	1

View Market Depth

No.	Vol.	Price($)
7	51365	0.250
1	2273	0.245
2	17500	0.240
1	13636	0.220
4	10750	0.200

Price($)	Vol.	No.
0.280	2562	1
0.290	4281	1
0.300	6840	2
0.305	42319	1
0.315	10300	1

Last trade - 13.43pm 02/08/2024 (20 minute delay)

MGT (ASX) Chart

MGT share price, page-12672

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MGT share price, page-12672

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Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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