MGT 16.7% 31.5¢ magnetite mines limited.

@azlansSorry but I have to respectfully disagree completely. The...

  1. 207 Posts.
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    @azlans
    Sorry but I have to respectfully disagree completely. The only (slightly) comparable factor between MGT and GME is that they are both getting some attention at present, albeit on massively differing scales.

    MGT is not being squeezed by large funds, there is not enough upside in the systematic shorting of a micro cap like this for the big players. Further, the line wipes that we have been watching are not all coming from crew on ASX_Bets etc, unless they are incredibly cashed up.

    The growth that MGT is experiencing is based on the market recognizing a huge opportunity, savvy management executing their well laid out plan to bring the opportunity to market, as well as some very nicely aligning macro's to add to the mix. DYOR
    Last edited by enkayess: 29/01/21
 
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