MGT 11.1% 12.0¢ magnetite mines limited.

MGT Chart 2021, page-167

  1. 3,071 Posts.
    lightbulb Created with Sketch. 1442
    Agreed I like the analysis.
    I think you should keep posting analysis like this.
    That's what this thread is for.

    However, like Ig389 said, you've then said some really strange things -
    i.e., the way you've said it, it's like you think a stock should always be at zero,
    unless good news for stockholders is current.

    People buy - and then hold - stocks.
    The demand of that stock - read "potential of the future" of said stock -
    is what keeps it high.
    This is also what investing is - buying into assets or asset-bases,
    with promise of return.

    More promise = more demand.

    MGT's potential is not high - it's massive.
    This is why people that can see this, are holding.
    Sure, some silly people sold off.
    But people as a whole aren't just going to sell off everything because a company wants their oppies converted.

    You've said: "The only thing keeping this up now is trying to convert as many May options".

    I feel like you may benefit reading more about this company's fundamentals.
    Maybe start with today's report?

    Happy to help with anything in a sincere down to earth way,
    without the sensationalism you may have encountered.
 
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Change
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Mkt cap ! $13.84M
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13.5¢ 13.5¢ 12.0¢ $37.22K 290.0K

Buyers (Bids)

No. Vol. Price($)
5 87498 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 4369 2
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MGT (ASX) Chart
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