MGT 6.78% 31.5¢ magnetite mines limited.

Ann: Quarterly Activities Report, page-18

  1. 405 Posts.
    lightbulb Created with Sketch. 131
    Yesterday I put an email to Gemma regarding the solvency of the company.
    I received a prompt response today, all credit to her this is better than past.

    to summarise
    The continuing solvency is a concern to the directors.
    there will be a video update from tim this week.
    They are confident a partnering agreement will come soon from Japanese sources..
    They are seeking funding to support completion of DFS as well as long term JV and off take partners.
    A cap raise or debt may be a required option.

    In my opinion it is crunch time, make or break. over next 5 months.

    Good luck to all it will go one way or another in my opinion either 0 or $2.
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
0.020(6.78%)
Mkt cap ! $31.00M
Open High Low Value Volume
29.5¢ 31.5¢ 28.0¢ $101.2K 348.6K

Buyers (Bids)

No. Vol. Price($)
1 10000 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 10770 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.