in my opinion the reason their price/market cap is so low at present is due to the previous management of MGT being unable to deliver a successful PFS at a time when the costs were much higher and IO prices were much lower, and other management issues.
Yes, they have a huge resource at their disposal now with so much potential however I believe they need to now prove that it’s feasible and that they can actually get the stuff out of the ground and sell it. This time round, things are very different. A successful PFS will highlight the potential for MGT and show the way forward. Once the market sees this, their market cap will be re-rated.
MGT share price, page-5475
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $26.06M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 25.0¢ | $10.16K | 40.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 127938 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 6956 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 127938 | 0.255 |
3 | 9905 | 0.250 |
1 | 2273 | 0.245 |
4 | 55833 | 0.240 |
1 | 5000 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 6956 | 3 |
0.270 | 9600 | 1 |
0.275 | 10000 | 1 |
0.280 | 2562 | 1 |
0.290 | 4281 | 1 |
Last trade - 12.16pm 06/08/2024 (20 minute delay) ? |
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MGT (ASX) Chart |