MGT 0.00% 27.0¢ magnetite mines limited.

Ann: Consolidation/Split - MGT, page-324

  1. 897 Posts.
    lightbulb Created with Sketch. 108
    If MGT management had institutional investors lining up then they would have to declare it to the market.

    mgt is the 2nd hand car that nobody wants.

    we have been waiting for funding in some form or another since 2014. They try and try but no one funds.

    so folks it might be pertinent to assume no funding in 2023 and just continuation of the spin at each quarterly because hey they are good at spin and people keep buying the rehashed story time and time again.

    price is irrelevant. Actions are important. I don't see any mou or off takes or a start up line of credit. So why should any investor believe what is published by management? An independent analysis of the project is what is needed especially if confidence is lost.

    Also, note that money does not grow on trees and 2023 is going to be a very difficult year for funding. If and when it does come you also need to consider control of the project could also be given to those who "fund". They ain't going to give money for nothing they will want it at a rock bottom bargain price and they will probably want control.


 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
27.0¢
Change
0.000(0.00%)
Mkt cap ! $27.59M
Open High Low Value Volume
27.0¢ 27.0¢ 27.0¢ $443 1.641K

Buyers (Bids)

No. Vol. Price($)
1 10000 28.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 1656 1
View Market Depth
Last trade - 10.58am 30/07/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.