@Eddo I assume that the disparity that you are talking about is...

@Eddo I assume that the disparity that you are talking about is the recent share price decline of MGT and the share price increase of HIO, as seen in the one month charts below. In case it helps, my thoughts are below.

MGT one month chart



HIO one month chart




In respect of MGT, I am thinking that the departure of Mark Earmes as Chairman could have a lot to do with the recent decline in share price of MGT. Mark Earmes joined MGT as a director in March 2020 when the share price of MGT was a fraction of one cent (around $0.003 or $0.004 from memory) and became Chair in April 2022. Mark needs to be given a lot of credit for raising the profile and awareness of magnetite ore in Australia. He produced a very good white paper on "Where will future iron ore supply come from?". He has an impressive CV and I have heard that he was very active in promoting MGT with investment presentations etc.. I assume that there would have been a number of people that invested in MGT by following the Mark Earmes and trusting that he could make it happen. He resigned as chair and director in mid September and his departure could mean that some investors have also departed MGT. I haven't followed MGT closely in recent times, but I recall many being unhappy about the a for 50 share consolidation. I am also not aware of any expectations of news flow from MGT in the coming months.

By way of comparison, HIO's chairman "departing" earlier this year had little impact as he had not delivered the same value as Mark Earmes. HIO shareholders also have some things to look forward to with as there are reasonable expectations that Bryan will cease to be executive chair and the investor memorandum expected this month. The next big step after that will be locking in off-take support for the BFS and whilst that is uncertain, the level of optimism is certainly increasing with many seeing a potentially high reward given the level of risk.