Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

1.92%

26.5¢ magnetite mines limited.

Management, Show us the institutional investors!, page-55

First 55 Last

Share
Profile

Follow
BoogieB

907 Posts.

260

06/01/23

10:30

Post #: 65557726
Share

Originally posted by Gollada: ↑

i just can't understand the timing and urgency around the current consolidation. Don't even thing it was required at this point. At least not untill they made a positive feasibility announcement. That would have made the Share holders happy, and a consolidation after a positive BFS would have sent the right signal to interested investors. At this point I doubt if there are any serious interested investors. They are all waiting to see how the BFS will shape up.

What did the current consolidation achieved? Nothing positive. It is only going to make the investors more greedy. Despite the drop in SP they are still going to push for further discount.

IMHO, the only scenario this consolidation makes sense is if the mgmt had doubt whether the BFS will stack up to the market expectation.

Get the consolidation done, catch the unsuspecting share holders by surprise. Let the SP drop and then back to the drawing board. More story spinning and Credit raises to fund the next leg.

Like you said, where are they, why no more tweets.

Expand

Finance may come prior to the feasibility study. This has been stated numerous times.

Management have mentioned that 6 investors have looked at the VR suite, with more to follow.
You cannot ask for more than that

MGT Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

Reply

Top Stories

UNT

UNITH hard launching AI 'digital human' platform too 600+ companies as AI thematic survives sell-off

Banking on ANZ in this week's Hot Stock tips

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

INA

Ingenia shares jump 7% on strong revenue and earnings figures

USL

'Joaquin Silver District' acquisition to become a key asset for Unico

There are more pages in this discussion • 171 more messages in this thread...

First 55 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 26.5¢		Change 0.005(1.92%)		Mkt cap ! $27.11M

Open	High	Low	Value	Volume
26.5¢	27.5¢	26.5¢	$68	251

Buyers (Bids)

No.	Vol.	Price($)
1	1887	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	77062	1

View Market Depth

No.	Vol.	Price($)
1	1887	0.265
1	17000	0.260
1	1900	0.255
3	121000	0.250
4	23306	0.245

Price($)	Vol.	No.
0.285	77062	1
0.290	100000	1
0.300	350	1
0.310	120194	3
0.315	10300	1

Last trade - 15.40pm 20/08/2024 (20 minute delay)

MGT (ASX) Chart

SPONSORED BY