MGT 7.02% 30.5¢ magnetite mines limited.

Ann: Appointment of Chief Financial Officer, page-13

  1. 551 Posts.
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    I share in your sentiment and also would love to see a change in direction with SP, I had to step back and look at the big picture with the change to green steel production. I think Europe is leading the world followed by America with production of green steel and the rest of the world lagging behind using metallurgical coal furnaces, in saying that South Australia and MGT are well positioned for the coming challenges in the future, this is going to be a long term play and should the big boys like BHP , Rio Tinto, etc be pressured to accelerate carbon reduction, mgt will be filling only a fraction of the global demand for pellets and leaving it with no choice but to upscale.
    Share holders need to address their time frames for this stock, it’s definitely not going to happen overnight, the big players also have magnetite but mgt have some of the highest quality that can get premium prices.
    Everyone invested here has a different final outcome, be it investing for the long term, or just here for short term gains or losses. We may change many more high profile appointments to mgt, but the bottom line is getting the best we can now to make it to financing and production.
    I purchased at 0.445 this morning to get the ball rolling with share price, and as I said in previous post happy to purchase more should it fall, ultimately it helps me average down from PFS price I entered into, I could lose everything or gain 10x only time will tell.

 
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30.5¢
Change
0.020(7.02%)
Mkt cap ! $30.02M
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32.0¢ 34.0¢ 29.5¢ $239.3K 761.5K

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2 25000 30.0¢
 

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31.0¢ 5146 1
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