MGT’s Chairman/CEO has over 100 million shares. At it’s peak, the value of his holding was over $9.4 million. It’s now dropped to around $3million. Furthermore, he recently exercised 5 million MGTOC options for $250,000 which are now worth $150,000.
Big paper losses, but I don’t believe he would be panicking. This is a long term hold and it should return to previous highs and go past them as the project progresses.
We’ve seen it before with the MGTOC options, with people thinking the share price wouldn’t hit 5c in the time leading up to the expiry date. There is still another 7 weeks to go, before MGTOD options expire, and it’s very possible that we will see an announcement or two before then which could help the share price spike. I think their annual report will be due soon which may have some interesting updates and we should be hearing about Muster Dam progress soon.
If we can get to a point where most of the MGTOD options are exercised, they will be in a good financial position up until they need funding for construction.
MGT’s Chairman/CEO has over 100 million shares. At it’s peak,...
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.72M | |||
| Open | High | Low | Value | Volume |
| 14.3¢ | 14.5¢ | 13.5¢ | $19.83K | 137.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23592 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 76869 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGT (ASX) Chart |