It simply boils down to this. If you believe MGT has the ability to obtain funding and get to production, then buy and hold. If you don't believe this will eventuate, then sell or don't become a shareholder. The share price will trade sideways for some time now while they are working on the DFS, and as long as the company has sufficient funding to keep things moving along, then it doesn't really matter whether it is trading at 3c or 6c (however it would be nice for the MGTOD options to come into play by October).
Assuming the company is successful, at some point there will be a re-rate and share price spike. For those holders who took a risk and are holding strong, they will reap the rewards. Anyone that tries to time the market, and guess when MGT will hit a bottom, or when the price will eventually spike will most likely miss the boat. If you got spooked and sold out early, you will most likely be kicking yourself once the share price recovers and goes beyond its previous highs.
MGT share price, page-8587
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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($) | Vol. | No. |
---|---|---|
18.0¢ | 54903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 58424 | 0.175 |
9 | 222351 | 0.170 |
3 | 17560 | 0.165 |
2 | 90000 | 0.160 |
1 | 10000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 54903 | 1 |
0.185 | 54321 | 2 |
0.190 | 44358 | 1 |
0.195 | 8310 | 3 |
0.200 | 132206 | 3 |
Last trade - 12.43pm 11/10/2024 (20 minute delay) ? |
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MGT (ASX) Chart |