Post by
Hedberg77 on May 10, 2022 11:41am
A consideration or two
Here we are at 0.19. May go lower - who knows how low. That said, a thought - the precipitous drop in share price has occurred with a relatively few amount of shares traded. 332 million total shares out. 500k is a brisk day for this stock on the Venture, normally MGM trades less than that amount. That's not to say the drop doesn't matter. Of course it does. However, it could be argued by the volume that most holders are staying put through this turbulent market. Therefore, it wouldn't necessarily take long to go back up if things turn around to the upside. No guarantees. Yet amidst this current crash, AE is still a partner and, while modestly, some progress is being made by the company. GLTA
Comment by
Iwant2Retire on May 10, 2022 4:05pm
It doesn't matter who are the holders and who are the sellers. 500,000+ shares two days in a row to take the stock value down 20 + % is a fact. Not speculation. Right now the stock is hurting but I have total faith that MGM's next drill results will bring us back to where we almost should be. BTW, There are a lot of junior mining stocks that are taking a beating right now.