MGT 7.35% 7.3¢ magnetite mines limited.

MGT share price, page-46

  1. 1,742 Posts.
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    i agree entirely, 1.2c seems to be the bottom any sells that come under that; IMO, will most likely be snatched up by those participating in CR as a bargain.

    With that said we may see a push towards that 1c mark as some who acquired free rights may sell for the 20% profit at 1.2c but even then I believe we will see those walls at 1c and 1.1c remain strong.

    With the profit takers and impatient weeded out as sells are made throughout 1.3c-1.6c range... After they run out of steam its no where but up to a nice consolidation around the 2c mark (give or take a pip) awaiting further positive announcements.
    Also keeping in mind we have already had a positive Ann hindered by the CR.... the recent partnership with ELA for our enviro and permitting, clearly indicating "boots are on the ground" making progress yet not currently reflected in SP and this is a major step to our PFS.

    IMO that Monday will show early indicators of the rerate and we should see steady gains through Oct and Nov without news.

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