MGT magnetite mines limited.
Add to My Watchlist 23.7% ! 7.1¢

Ann: Consolidation/Split - MGT, page-341

  1. RonaldoTheGoat
    129 Posts.
    lightbulb Created with Sketch. 130
    clock Created with Sketch.
    17/02/23
    16:35
    Post #: 66315923
    Can someone please help me make sense of this consolidation for tax implications. I'm looking at offsetting some gains this year with losses but as this is my first ever consolidation I'm lost.

    i originally had 500k shares which I spent $20k to get. After the consolidation I have 10k shares which can be sold for $7650 as it stands.

    Does this mean I can claim a loss of $12,350? Cheers for any advice!
    MGT Price at posting: 76.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Pilbara Exploration Identifies High-Grade Gold and Antimony Targets
right-arrow Created with Sketch.
NEWS Bullish Brookside expands with fifth DSU at 'highly sought after' American oil and gas field
right-arrow Created with Sketch.
NEWS How Do You Trade? Take Our 1-Minute Survey & Share Your Style
right-arrow Created with Sketch.
NEWS Sparc opens small-scale green H2 plant in SA, but liquidity dried up
right-arrow Created with Sketch.
NEWS Profits after tax down -88%, and shares rocket – what's going on with Collins?
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem
right-arrow Created with Sketch.
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.
Add to My Watchlist
(20min delay)
Last
7.1¢ 		Change
-0.022(23.7%) 		Mkt cap ! $8.591M
Open High Low Value Volume
9.2¢ 9.2¢ 7.1¢ $66.13K 763.2K

Buyers (Bids)

No. Vol. Price($)
1 12000 7.9¢
 

Sellers (Offers)

Price($) Vol. No.
8.4¢ 1771 1
View Market Depth
Last trade - 13.27pm 24/06/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.