We had this that afternoon last week where it ran to 46.5 cents, then they pushed it down to 38.5 cents - and the same rationale was being used to justify it: fear of a fall in US equities.
Then the next day they let it recover to 42 cents...even though US equities fell.
I suppose you do need cover stories for contrived and coordinated behaviour.
And then always after a drop, you see these trades which only brokers can do: 39.7 cents
Trading in the cracks where retail holders can't go, and making money all the time. Pushing the SP down, then hoovering up stock ahead of all the buyers sitting trapped at 39.5 cents.
MGV Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held