The destruction of shareholder value occurring at MGT right now is quite chilling. They obviously want and need that $4 mill urgently given as you say high MGT overheads.
Seems HIO better placed to limp along and may get lucky holding out until the materials cycle turns before taping the mkt again . Also 2.0 cents is huge HIO technical support, seems HIO has some trader support there at the moment , although GCB must be full the name if he flipped out on that rally to 5.5 cents and has averaged back in at 2.2 & 3.2 by the looks of it
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