MGT 3.45% 30.0¢ magnetite mines limited.

Management, Show us the institutional investors!, page-30

  1. 322 Posts.
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    I expressed my disappointment to them a few weeks ago and have told them in the past that a consolidation is always
    painful if not backed up with something substantial. Seems the potential investors/partners were adamant it had to happen?
    Nonetheless, a low SP makes it a lot more difficult for MGT to negotiate better terms.

    Timing was completely wrong but they now have to finalise a deal ( hopefully by March ) with a major partner to get MGT steaming ahead.

    IMO, this is a great buying opportunity to average down if you believe that management has the capability to seal
    a great deal.
    If you feel that they are not capable, sell and move on is the best solution.

    My opinion only, not financial advice.
 
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29.0¢ 30.5¢ 29.0¢ $33.48K 113.1K

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30.0¢ 5292 2
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