Ann: Consolidation/Split - MGT, page-221

I have been on the MGT bandwagon for a couple years. Unfortunately the price slide after the credit raise was the first nail, but the news of the consolidation was the final. I got out at 1.8c (half i sold were bought at 2.5c). As expected the price has tanked after the consolidation.

So while i probably broke even at 1.8 overall but if i were holding now i would be in red.

I will look to get back in once this settles, maybe. It is a good idea, but i doubt MGT will become a producer on their own as they need quite a few hundred of millions (Maybe a billion) and unless they do a joint venture i don't see it happening. I was interested due to what i thought the low cost CSIRO technology would be up and running by now, but in about 2 years, they have only put out a PFS, and a honestly very disappointing PFS at that.