Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

2.53%

38.5¢ magnetite mines limited.

exactly...sp will improve once the CR washes throughpatience is...

First 70 Last

Share
Profile

Follow
Turiddu

404 Posts.

139

29/10/20

19:14

Post #: 48503288
Share

Originally posted by Yak52: ↑

tr0ubl3........... the SELL down over recent days was a combination of (2) things happening.

Firstly, the USA Markets (DOW & NASDAQ) have dropped major amounts 800-900 points several times this week.

The ASX has also dropped over 100 Points twice (2) this week as well. MGT held ground very well really.

Secondly , the Shares [600 million) from the CR at 1c have been fed back to the Market with the profits taken. This has continued down to 1c level where those still wanting to unload have done so at a breakeven and kept the "free" Options that were attached.
After a CR at 1c with 600 million shares a pull back/sell off was to be expected. No surprise there!

So it was NOT likely insiders perceiving a bad announcement as it was NOT a bad announcement but actually very good news!

Hope this answers your questions and perception to recent events.

Yak52

Expand

exactly...

sp will improve once the CR washes through

patience is needed

MGT Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 85 more messages in this thread...

First 70 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 38.5¢		Change -0.010(2.53%)		Mkt cap ! $37.89M

Open	High	Low	Value	Volume
38.5¢	41.0¢	38.5¢	$71.63K	181.9K

Buyers (Bids)

No.	Vol.	Price($)
1	18701	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	63571	2

View Market Depth

No.	Vol.	Price($)
1	18701	0.385
2	91098	0.380
1	2285	0.370
2	3256	0.365
2	16569	0.360

Price($)	Vol.	No.
0.400	63571	2
0.410	101918	4
0.415	40000	2
0.425	2750	1
0.430	5000	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 38.5¢			Change -0.010 ( 1.28 %)
Open	High		Low	Volume
40.0¢	40.5¢		38.5¢	22684
Last updated 15.42pm 16/05/2024 ?

MGT (ASX) Chart