MGT 1.67% 30.5¢ magnetite mines limited.

MGT TAKEOVER?? TARGET 4B Tonnes iron ore, page-2420

  1. 2,694 Posts.
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    Mate I think you have done your reading on the above mentioned and came to the same conclusion; as we all did, which in turn is hard to take anything you have said up until this point as anything but downramping; mainly due to the fact that up until now you haven't mentioned anything about entering until your entry point was or is close to being met and at best your comments and advice on these threads has been "DYOR" written with a negative connotation.

    Anyone with smart money in MGT knows this is a mid to long term hold and yes we are aware it is still exploring but obviously things are moving in the right direction displayed by recent activity and news; or we would have seen a lot more volume move out after said pump and dump.

    its not about how high the pump was its how we handle the dump and considering we were 0.002 and over the course of 6 weeks we hit highs of 0.020 and have has a steady retrace of 1/3, combined with volume.. the pattern looks to be consolidating and is still strong at these levels and obviously has support at CR levels....

    but hey I hope you get in at your desired entry, cause your mining mate told you to

    Always good to have more on bored the MGT train.
    Last edited by BullishTrends: 14/09/20
 
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