MGT 1.59% 32.0¢ magnetite mines limited.

the announcement wasnt bad at all... management have said...

  1. 107 Posts.
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    the announcement wasnt bad at all...
    management have said multiple times that the PFS was going to be released in Q2... what we've seen is hype building up amongst day traders looking to make a quick buck (see the SP hit an 52 week high) for the Q2 release that never came... management did not provide a new date for release date so, the day traders sold off and put their money elsewhere...
    result = influx of supply with no demand
    share price started falling and weak hands are being spooked, momentum builds and here we are
    The fundamentals are still there, the resource isnt going anywhere, the management have a plan and its a pretty good plan... dont let a few days of dips write off a years worth of gains or the potential for more... as long term holders this is a bad beat... but if we think and critically discuss what the PFS represents and not act like lemmings we will be fine...
 
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