MGT magnetite mines limited.
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We will wait this out too.Just a thing about the consolidation...

  1. Gollada
    1,961 Posts.
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    16/01/23
    15:21
    Post #: 65715679
    We will wait this out too.

    Just a thing about the consolidation -- when the announcement says it is being done to meet "investor expectation" then it implies the current SOI did not meet the investor expectation or the investors have concerns around the high SOI.

    If it is nothing to do with SOI? Why did they consolidate all of a sudden?

    Now that it is done I am hoping they have met that expectation. So why no follow-up update relating to investors.

    I am not sure how else should we interpret " to meet "investor expectation""

    AND I just can't understand the urgency around the consolidation? why hurry to consolidate when there are other loose ends to tidy up. There is Optimization study to be done, DFS is still awaited. So why make this suicidal jump.


    MGT Price at posting: 51.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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