Reminiscing of the good old days!!!, page-11

You wrote - quote

“wondering if IO price potentially the main do/die marker we need to be watching?

Unquote

Absolutely this must be watched. The bottom line is that if it continues to drop MGT will not get finance. Whilst that may change in the next upward cycle - if it drops below $75/t there isn’t a hope in hell of MGT getting finance soon. I personally don’t see it happening - I see it bottoming out around $100/t maybe even $90/t - the news coming out of China in the construction sector isn’t good, despite what many on here preach about stimulus….

MGTs costs are also high - again despite what many here preach. The CFR costs have not been clearly explained by MGT and this is somewhat concerning for me. I look forward to understanding those numbers specifically in the DFS

I’m holding for now and will definitely top up but only once I can see some real progress by management because right now it’s silent