MGT 2.63% 19.5¢ magnetite mines limited.

after this SPP has completed we will have established support at...

  1. 2,694 Posts.
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    after this SPP has completed we will have established support at higher levels, profit takers will most likely ride the waves as we climb and considering the offer of a 1c share has to be accompanied by 4 shares at current SP, I highly doubt we will see a retrace to 1c, otherwise most of those who have accumulated over the past day (and next few); would be selling at lower cost then there DCA at those levels. Unless you bought at those 1.3c lows last week, it would not make sense to dump directly after SPP (under 2c), as the profit would be minimal... if we see SP reach 3c or above we may see a bit of a dump (once again if new support hasn't been established indicated by accumulation volumes) and even then at that SP; the bonus and current options available will become an incentive to keep MC high if not push it towards execution price....And If that happens SP will be driven because oppies will be in play,

    the way MGT has approached this CR is purely in the interest of holders.

    makes me appreciate this company even more.
    Last edited by BullishTrends: 07/09/20
 
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19.5¢
Change
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Mkt cap ! $19.95M
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19.0¢ 19.5¢ 18.5¢ $16.06K 84.78K

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No. Vol. Price($)
2 37126 18.5¢
 

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Price($) Vol. No.
19.5¢ 50000 1
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Last trade - 15.33pm 18/09/2024 (20 minute delay) ?
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