MGT has the following (and some)
- Incredibly large resource which will only be upgraded in the coming months/years
- backing of the SA Government - NIL sovereign risk
- Extremely strong PFS with low Capex that will be fast tracked into production
- DFS currently underway - in my opinion, management really needs to fast track this now.
I believe that people are selling for one reason, lack of patience. The next major milestone will be either the DFS or project financing. Both will be key drivers for the SP but neither are due until mid 2022. I believe traders have sold out because they believe the SP will trade sideways for a while.
Any shares under 5 cents are an absolute steal.
MGT share price, page-8166
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.60M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $33.25K | 195.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 91389 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 141000 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |