Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

8.51%

25.5¢ magnetite mines limited.

thanks for the response! sounds good

First 60 Last

Share
Profile

Follow
ants351

671 Posts.

18

07/09/20

14:36

Post #: 47145200
Share

Originally posted by BullishTrends: ↑

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.

Expand

thanks for the response! sounds good

MGT Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

Bitcoin: Current State of Play & Where to Next | Swyftx

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

There are more pages in this discussion • 17 more messages in this thread...

First 60 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 25.5¢		Change 0.020(8.51%)		Mkt cap ! $25.07M

Open	High	Low	Value	Volume
24.5¢	25.5¢	24.5¢	$2.765K	11.16K

Buyers (Bids)

No.	Vol.	Price($)
2	43522	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	9828	1

View Market Depth

No.	Vol.	Price($)
2	43522	0.245
1	30000	0.240
2	3808	0.235
3	8521	0.230
1	2250	0.225

Price($)	Vol.	No.
0.265	9828	1
0.270	5764	2
0.275	4318	1
0.280	202562	2
0.290	104281	2

Last trade - 11.34am 16/08/2024 (20 minute delay)

MGT (ASX) Chart

SPONSORED BY