It’s a simple case of buy the rumour sell the news. I like I’m sure a bunch of other people all bought in for the PFS to sell on the day based purely on hype.
This is how the ASX is, we all can’t expect stocks to just keep going up. There needs to be time for breathing, I’m sure the PFS was already priced in, even thought this was a superb announcement.
Base line, this is what investing is about. Not the short term wins, dumps and staggered graphs. It’s all about the long term view. If you don’t have the patience then this is the wrong game for you. I’m sure everyone will be looking back at this in a year thinking why I was whinging when MGT was red the day the PFS came out, when most likely we are 10c+.
All in all this my opinion, I’m sure others will have different opinion.
Ann: Positive PFS Results for Razorback Iron Ore Project, page-208
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