MGTREs are the "renouncable entitlement". That means you have an entitlement to participate as a shareholder, and from 21 April you can "renounce" that right and sell it to someone else. They will cease trading on 6 May, and disappear entirely on 13 May. Anyone who exercises their entitlement will get MGT shares, and 1 new option for each 2 MGT shares, on 20 May. The options will then be tradeable for a year.
@MrStrengths - (edit: reply broke down) Personalised letters with take up details specific to your entitlement will be sent out tomorrow, 27 April. It isn't clear from my memory of what I read if it will be post, email or both.
Speaking generally now and not directed at you directly, I will say again, it is pretty poor the entitlement has been tradeable since 21 April, and hit a high of 2 cents at today, and yet many people who have that entitlement still havent been credited with it at COB on 26 April.
The market should be equitable... not a great look to not have the entitlements available in every account entitled to them more than 3 trading days later.
If part of a CR is making the right to it tradeable on a set date, every single right should be available to trade before open on that date.
Just to be clear though, I'm not blaming or directing this at the company.
- Forums
- ASX - By Stock
- MGT
- Ann: Renounceable Rights Issue to raise up to $15.8M
MGT
magnetite mines limited.
Add to My Watchlist
1.18%
!
8.6¢

Ann: Renounceable Rights Issue to raise up to $15.8M, page-265
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
8.6¢ |
Change
0.001(1.18%) |
Mkt cap ! $10.43M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.6¢ | $2.791K | 31.77K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 54189 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 259408 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 54189 | 0.086 |
2 | 57119 | 0.085 |
1 | 30000 | 0.083 |
1 | 36585 | 0.082 |
2 | 206600 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 259408 | 3 |
0.092 | 100000 | 1 |
0.094 | 19800 | 1 |
0.095 | 6779 | 1 |
0.098 | 1200 | 1 |
Last trade - 15.48pm 25/07/2025 (20 minute delay) ? |
Featured News
MGT (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online