I expressed my disappointment to them a few weeks ago and have told them in the past that a consolidation is always
painful if not backed up with something substantial. Seems the potential investors/partners were adamant it had to happen?
Nonetheless, a low SP makes it a lot more difficult for MGT to negotiate better terms.
Timing was completely wrong but they now have to finalise a deal ( hopefully by March ) with a major partner to get MGT steaming ahead.
IMO, this is a great buying opportunity to average down if you believe that management has the capability to seal
a great deal.
If you feel that they are not capable, sell and move on is the best solution.
My opinion only, not financial advice.
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 81434 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 54545 | 0.185 |
17 | 175074 | 0.180 |
6 | 73682 | 0.170 |
2 | 11200 | 0.165 |
1 | 70000 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 81434 | 2 |
0.225 | 7000 | 1 |
0.230 | 114715 | 2 |
0.240 | 15000 | 1 |
0.250 | 3120 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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MGT (ASX) Chart |