MGT magnetite mines limited.

9.64%

9.1¢

WHERE IS MGT GETTING ITS 572 MILLION FROM, page-6

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Fernzy

247 Posts.

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01/07/21

01:09

Post #: 54192541
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Originally posted by Sisu123: ↑

definitely, they aren't the same company by name, but the raising that capital and what it will mean fro future earnings and ultimately the SP then I do think it is definitely the biggest risk milestone.

I appreciate you engaging with this opinion and followed it up with an opinion of your own.

yes magnetite has a green bearing on its own, as it contains lower impurities than hematite, but other companies which I stated above like FMG have gone as to one step further and using biomass to power their plant/s. this puts them on the top of the pile for MASSIVE funds that are ESG focused.

another question as I think you may be the only person that doesn't try to throw bricks, does it concern you at all the amount of retail that have piled in ? and if something doesn't come to fruition especially for an extremely long period of time 4/5 years, what sort of volatility does that imply for the SP

thanks

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Market cap is $248m and initial production will generate $296m per annum profit based on understated factors. The investment will be a hurdle likely a combination of government incentive and loans as well as institutional placement to secure private borrowing. The banks can see that the $570m capex can be repaid within 5 years. They will lend based on this and the product being sold is high grade, so best placed for green steel.

Last edited by Fernzy: 01/07/21

MGT Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.1¢		Change 0.008(9.64%)		Mkt cap ! $11.04M

Open	High	Low	Value	Volume
8.7¢	9.1¢	8.7¢	$15.08K	168.8K

Buyers (Bids)

No.	Vol.	Price($)
1	47	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	50000	1

View Market Depth

No.	Vol.	Price($)
1	47	0.091
1	10000	0.090
1	9000	0.087
2	100000	0.086
4	68229	0.085

Price($)	Vol.	No.
0.094	50000	1
0.095	50000	1
0.099	20000	1
0.100	58304	2
0.105	4173	1

Last trade - 16.10pm 21/07/2025 (20 minute delay)

MGT (ASX) Chart

WHERE IS MGT GETTING ITS 572 MILLION FROM, page-6

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WHERE IS MGT GETTING ITS 572 MILLION FROM, page-6

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