MGT and HIO are both essentially the same play.
- Green steel wave rising
- Rise of magnetite/high grade as preferred
- New IO region outside WA in its infancy
If one is considered highly profitable they both will be.
If one is de-risked and re rates, they both will.
Many investors here have hedged the play buying both which I think is the right play. The question to me is what weight do you give each. I took 60:40 in HIO favour initially. After the rerate and MGT fall in price I changed that to 40:60 in MGT favour (purchase cost not current value).
I don’t know the end result in who will be more profitable but I believe they will both be highly profitable. At the moment MGT has the more attractive entry to accumulate more.
I hope both sides of the family both become billionaires and the family learns to enjoy their wealth together
MGT and HIO are both essentially the same play. - Green steel...
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
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| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |