My POV, for what it's worth...
As passive investors, all we have is that number going up and down. It is everything, and we have no control.
The directors have a lot going on. They are trying to get a mine to production - if they were solely worried about propping up the SP so holders stay 'green' , that would be no good.
If they have news that would materially effect the SP, they'd release it. This is an obligation.
Sentiment for MGT is not good. Sentiment for IO is not good. Even the giants are getting hammered.
A sugar hit announcement just for the sake of it would do nothing. In fact a nothing announcement would likely have a negative effect, even if it did bounce the SP at first.
The company may or may not go into production, but that is their focus. If your focus is the day to day SP, you are going to experience a lot of negative emotions until 2023 when they either decide to mine or not mine.
Unless you want to sell this week, the SP is largely irrelevant right now.
MGT share price, page-9473
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $29.53M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 29.0¢ | $33.48K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 5292 | 2 |
View Market Depth
| Last trade - 15.35pm 19/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |