Hi amb005, can absolutely understand your concern on consolidations given the timing. A positive example of a consolidation is Boss Energy ('BOE' - another SA mining venture). Although their consolidation has lead to mainly sideways SP movement, it has still been overall positive for attracting institutional investors.
After looking further at todays announcement, I think MGT can look forward to similar benefits, "Since September 1, 2022, Magnetite Mines has presented to 16 potential strategic partners, 3 companies have been granted access to a Virtual Data Room (VDR) under a Non-Disclosure Agreement (NDA), and 6 companies are pending VDR access once their NDA process is complete."
This statement is very positive news & the consolidation is in line with the attention we are pushing to receive more of as long term shareholders.
*Disclaimer - I bought another parcel of shares this morning.
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