A positive DFS is the only thing that i feel will move the share price over a dollar (pre-consolidation price).
To get to all-time highs, everything will need to aline, water, finance, customers, etc... Money will be tight for most people in 2024, finance expensive, demand continues to slide and iron ore pricing is nowhere near the levels it was at the time of the PFS.
I don't want to sound overly negative but I feel there will be opportunities to buy MGT shares at lower prices during 2024.
I believe MGT's asset will one day be mined but when is the real question.....
I sold half of my shares on the announcement of the consolidation (and the rest on the way down) just in case the share price dropped (as it has).... If I'm right on my predictions I will be able to buy back in and hold four to five times the shares with the same amount of hard earned dollars originally invested in early 2021.
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A positive DFS is the only thing that i feel will move the share...
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Last
31.5¢ |
Change
0.045(16.7%) |
Mkt cap ! $31.00M |
Open | High | Low | Value | Volume |
27.5¢ | 31.5¢ | 27.0¢ | $149.6K | 518.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 33790 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5000 | 0.300 |
1 | 9000 | 0.295 |
1 | 2000 | 0.285 |
1 | 45000 | 0.280 |
5 | 30073 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 33333 | 1 |
0.320 | 20000 | 1 |
0.330 | 6000 | 1 |
0.340 | 5309 | 1 |
0.400 | 1600 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
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Change
0.045 ( 18.9 %) |
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Open | High | Low | Volume | ||
27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
Last updated 15.56pm 03/05/2024 ? |
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