MGT share price, page-10966

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calhoon

127 Posts.

39

11/04/22

18:48

Post #: 60790714
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Originally posted by Puddle pirate: ↑

Total speculation but I believe it’s the same people that have the rather large sell orders(that actually never get sold & I believe are only there as a block to the SP, while they accumulate) because let’s face it the orders are never at the top of the price point but closer to mid way or the bottom. Giving them ample time to pull them if someone actually starts to buy into that pip, so unless a massive buy comes in and takes the lot their safe. Yeah it’s a gamble but with our current daily trades fairly safe & if it is indeed what’s happening they e been scooping up the shares quite nicely. Only wish I had more available funds.

Why accumulation, same reason we all are, they either believe in the project/company & the money that’s there in the long run or that they can make money quickly & with this many shares a few pips is hundreds of thousands. Other reasons could be trying to manipulate the VWAP to get a better deal out of any negotiations that may currently be taking place.

Also need to remember if it is one person/investor soaking up these shares they will have a decent amount of power down the road to bend the SP to their will. Just have a look at how Regal have played other companies inc HIO.

Also with any comments unless someone is actually one the inside or part of the group doing this it could be weeks, months till we know why or we may never know the reason behind it.

However while we all went back and forth about wether the SP was being managed for a couple of weeks you’d have to say there is absolutely no doubt about it now.

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Its just a pity that whoever this maybe, didn't set their price somewhat higher and not have us stuck in this groundhog day..

MGT Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $16.14M

Open	High	Low	Value	Volume
14.5¢	14.5¢	14.0¢	$5.342K	37.02K

Buyers (Bids)

No.	Vol.	Price($)
1	2629	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	46333	2

View Market Depth

No.	Vol.	Price($)
1	2629	0.140
2	48592	0.135
1	120000	0.125
3	37000	0.120
4	56223	0.115

Price($)	Vol.	No.
0.145	46333	2
0.150	100350	2
0.155	29825	1
0.165	39500	2
0.170	8500	1

Last trade - 15.59pm 19/11/2024 (20 minute delay)

MGT (ASX) Chart

MGT share price, page-10966

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MGT share price, page-10966

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