Why haven’t you given the company a call? You obviously feel like they owe you an explanation, I’m sure they’d be happy to oblige. Honestly, you’ve invested in a speccy miner on hype, at the highest ever ceiling of the iron ore cycle, that’s also years away from producing.
You say you’re planning on holding. Well do yourself a favour and call management, ask the questions you feel you need answered and then plan your investment strategy around that. If you like what you hear, then you could DCA and bring your average cost down. If you don’t, cut the losses, bank them for tax time and get yourself into something you’re more comfortable with
All the ‘die hards’ are still probably in the green seeing as MGT is up 190% since January 1.
MGT Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
