MGT 0.00% 18.0¢ magnetite mines limited.

MGT share price, page-5233

  1. 399 Posts.
    lightbulb Created with Sketch. 249
    this week saw us retrace a little which was expected to be honest after our 60% increase last week. Many of us have seen strong gains followed by a consolidation or a retrace but we always have maintained those higher highs/lows over time and I suspect this trend will continue. over 400,000,000 shares have been traded in that 6/7c range over the past 9 days....

    Overall a 13% drop in SP which has created an opportunity for holders to top up. Importantly options for both OC and OD are 'in the money' and conversion has began and we are seeing a steady stream of inflows of cash. This too I suspect is putting some pressure on the price as some people will see heads to convert/fund the options.

    great catching up on the threads and very interested in reading everyone's take on the week.

    enjoy the weekend everyone

    for those current and ex-serving personal of our ADF - Thank you

    'lest we forget'


    cheers Dave

    go get em MGT !!
    https://hotcopper.com.au/data/attachments/3119/3119909-5f7e461332940742ff55ae3dd9ca62b6.jpg
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.