Wow! Are you taking a position of authority because you work for a mining company or are suggesting i work for an iron ore major and I'm seriously incorrect???
Best to proof-read prior to sending....
Your rant is just waffle, and you're misquoting me.
Obviously, if the mine does not get up, investors lose everything...
Personally, i started buying at $0.002. With the large volume I held, I could have sold up after the PFS for approximately $0.085. Total increase of 42.5 x my initial investment. This massive growth will not happen again for MGT.
In a typical JV arrangement, due to the large amount of startup funding required and the current tiny market cap, the dilution will be massive. Therefore, current long-term holders will see only small gains. Even 10 x increase on today's share price is still only $0.06 in pre consolidation terms. (l guess you already considered this).
I'm betting the share price will be half its current value before too long. If a JV happens and someone fronts the cash for a startup, what share allocation do you think they will want?
What will this do to the value of your holding???
MGT is in a prime position for a takeover. I feel a takeover is more likely than a JV.
Anyhow, my investment strategy is simple: make a profit... this hard to do if you fall in love with a stock which many others appear to do ...
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Last
31.5¢ |
Change
0.045(16.7%) |
Mkt cap ! $31.00M |
Open | High | Low | Value | Volume |
27.5¢ | 31.5¢ | 27.0¢ | $149.6K | 518.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 33790 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | 0.300 |
1 | 9000 | 0.295 |
1 | 2000 | 0.285 |
1 | 45000 | 0.280 |
5 | 30073 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 33333 | 1 |
0.320 | 20000 | 1 |
0.330 | 6000 | 1 |
0.340 | 5309 | 1 |
0.400 | 1600 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
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Change
0.045 ( 18.9 %) |
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Open | High | Low | Volume | ||
27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
Last updated 15.56pm 03/05/2024 ? |
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