MGT $ 1.00 TARGET PRICE 2024, page-9

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BigJohn1

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04/02/24

15:22

Post #: 72228367
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Originally posted by Bonjaan: ↑

@glemon @BigJohn1 we are indeed approaching a turning point as we near the end of the first big dip in the Lassonde Curve. coming out of the orphan period speculators, gamblers and investors alike will be looking to preempt the turn upwards following some positive news. I expect the first trigger which may help get the SP heading toward $1 will be a partner / JV willing to fund an accelerated DFS to enable the FID for development of the mine.
Interesting reflecting on where GRR and CIA are and have been. GRR produces around 2.5mtpa. When we were 7.5c ~$300mish MC, GRR had ~$2b MC. just prior it was 40c and gave a 10c DIv. CIA is a $4b company producing ~20mtpa (I think). Investors speculators gamblers will be betting on us moving from our $25m MC to somewhere between GRR and CIA in the fullness of time - say $2-3b. Yes there will be dilution along the way. think back to when MGT was 7.5-9c many where wishing they bought in at .5-1c. Well that's where we are now -$0.005 in pre consol speak. Most will wait for something more solid such as a partner funding the DFS. Or release of the DFS. approaching or immediately following these key events will likely see us pushing upward to $1. DYOR GTASH. can't see the position sentiment on my phone. I hold and have been buying particularly of late.

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If anyone has the time, have a good look at FMG, CIA, GRR Charts, they all went through similar down turns like MGT only to reach new highs, we’ve had an abundance of negative energy from people here almost making it hard for anyone to say, think, or share positive thoughts. Let’s change it on this thread and keep sharing positivity.
Every day when I wake up its positive, if your feet are hitting the ground in the morning, you are winning.

MGT Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.5¢		Change 0.001(1.06%)		Mkt cap ! $11.49M

Open	High	Low	Value	Volume
9.3¢	9.5¢	9.3¢	$4.204K	45.02K

Buyers (Bids)

No.	Vol.	Price($)
2	30416	9.3¢

Sellers (Offers)

Price($)	Vol.	No.
9.5¢	76936	1

View Market Depth

No.	Vol.	Price($)
2	30416	0.093
1	51947	0.091
5	70000	0.090
1	10000	0.089
1	17500	0.086

Price($)	Vol.	No.
0.095	76936	1
0.100	291311	2
0.105	4173	1
0.110	14818	3
0.115	44733	3

Last trade - 13.42pm 16/06/2025 (20 minute delay)

MGT (ASX) Chart

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