The MGTODs are running well ahead of MGT's price (this is bullish). Nobody is selling these as if you hold a few mil once you sell you won't be able to buy back in in those quantities.
Getting closer to the end of May so the $6.8m question is what news will the company drop in the meantime to give OC holders confidence to convert? Needs to be well before the end of May (mid May latest, so a month from now) and price well above 5c (to allow for cost of OCs + add solid confidence for conversion).
I am hoping it is the PFS but let's see. All IMO
MGT share price, page-3944
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $18.41M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 18.0¢ | $607 | 3.202K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 108500 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 82159 | 4 |
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| Last trade - 15.33pm 17/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |