Reading through the comments, there are three camps of people on...

Reading through the comments, there are three camps of people on here. Those that think the PFS was a positive result, others that think it was crap and a third group that has no idea what the PFS even means. Time will tell who is right, but hopefully greater clarity about the viability of this project will come once the DFS is launched. Until then, not much will happen with MGT's share price unless there is a series of good announcements. We may however see some price action as we get closer to the end of October and the MGTOD expiry date.

It also seems that there are many novice/immature traders/investors hoping to achieve instant 1000%+ gains and if a stock doesn't shoot up in price then it must be a dog stock and not worth investing in. Consistently picking winning stocks is not easy, if it was, then everyone would be multi-millionaires and stockbrokers would work for themselves rather than investing other people's money. Also why it is recommended that people will do better investing in index funds than trying to beat the market.

Investing in a penny stock like MGT is not for the fainthearted and can be very risky, but if all goes well, it can provide some very nice returns. Generally speaking, people should invest for a period of at least 5-10 years as over time, returns will even out and be positive. Yes you can be in the market for shorter periods and still make money, but even if you've lost money, over time, it should bounce back (provided you've invested in quality companies).

It's now a waiting game till the DFS and Funding is announced. Those that are patient should be rewarded nicely down the track. You might feel content sitting on the sidelines watching the price action, but you never know when something new will be announced and the share price leaps. Hence the saying, time in the market, is more important than timing the market.

Finally, the current prices of IO may be affecting MGT's share price, however it won't be until later next year that a decision is made whether to proceed with this project. At that point, the price of IO will come into play, and even then, it will be over a year before they start producing anything. Lots can and will happen between now and then. Also no one knows with absolute certainty what the IO price will be a year from now, but given the conservative pricing in the PFS, it would seem reasonable that this project will still go ahead.

So if you believe in the fundamentals of this company and it meets your risk profile, then you may be better off ignoring the media and the negative comments on here, and check back on this stock in a few years time.