I wondered about this too a while back. My guess is that the price will jump higher after the PFS is announced and then probably drop lower as people exit or reduce some of their holdings, locking in a profit, especially if announced before June 30 with people selling for tax reasons. The price will then find new support at a new level and possibly trade sideways until the next big announcement.
If they can announce that they are fully funded for the DFS, followed by any positive announcements around NextOre and Muster Dam over coming months, I imagine this would push the share price higher to record levels. It's then a waiting game as they push towards the construction phase and mining.
MGT share price, page-6561
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $20.76M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $2.531K | 14.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 67424 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 54903 | 1 |
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| Last trade - 12.43pm 11/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |