MGT share price, page-193

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BullishTrends

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09/10/20

22:47

Post #: 47990638
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Originally posted by jovialmonk: ↑

speaking of the share price, I think I need to re-evaluate my earlier statement, support at 1.2-1.3c is indeed building, but resistance of 1.5-1.6c is far too conservative. I think we will see interchanges between growth periods and accumulation over the coming months. The nextOre trial is definitely a catalyst for short-term growth, but as others have said, the federal budget news and iron ore price forecasts are also very positive drivers.

I think we will form a new base around 2c in the short term, without announcements, a re-rate that is pricing in that PFS is funded and that this stage of development has been derisked. I think that announcements and positive steps towards PFS will bring us up to 3-4c before the PFS results are officially released and may be driven by:

nextOre trial results
announcements informing shareholders of progress towards PFS
joint venture agreements for DFS/BFS

with this last point, I think it may involve negotiation with BMD for a better deal that better reflects our market cap and future prospects, and support from the market, and it may also involve offers from other companies. IMO DYOR

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oooooohhh your prediction seems very bullish and is speaking my language , love it haha.

i have thought of a very similar scenario playing out, but despite my demeanor, I do like to be conservative with my predictions.... That way it's always better than what I expect .... well that and the whole prepare for the worst, hope for the best. All in all Im still calling near or on the 4c mark come PFS completion
Last edited by BullishTrends: 09/10/20

MGT Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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