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17.0¢ magnetite mines limited.

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pavlovas

926 Posts.

114

25/05/22

03:21

Post #: 61600849
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Originally posted by maxtoday: ↑

oh well well well, See where we are now! Its a shocker isnt it lads? (No its not). The TA dude Triddu or whatever his name is completely on the spot with his TA.

Head and shoulders were in play during March (money plays).

There's SO MUCH ROOM! For this to drop. There's definitely gonna a rebound in the next couple of weeks, but during those weeks, the SP is going to drop further, so the rebound isn't going to be a big jump to 0.03+ levels, probably around 0.025, 0.027 (maybe 0.028, due to the hype of the moment but that's it). The simple chart TA itself has plenty of room for it to drop further down till August and in consideration of the rate hikes during these upcoming months (July/August), it could break those levels that have been suggested above.

The pressure of OBV is going further down, RSI is close around the 30% range therefore there'll be a small rebound as I said earlier, chart tells there's more growth towards downwards.

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Exactly. And sub $80 iron ore will follow. No one will be jumping in to fund this project this year. Decision to mine might be a "pause and wait for the recession to ease" result.

This is looking like a late 2023 play. Too many dark clouds on the horizon. And consolidation is the elephant in the room.

i predict first shipment won't be until 2027. If it ever happens. Yes thats another delay, but what's another few years when it's already been 15.

sure does feel like mgt4eva!

MGT Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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