There is uncertainty about Mt Magnet costs and they announce a capital raising when the share price is falling. How bad do things have to get before you lose confidence?
This capital raising is almost a vote of no confidence in MT Magnet, especially after they said they wouldn't need to raise captital for the project. This is almost a signal of a failed project because you wouldnt normally raise capital with $100 million in the bank unless there was serious issues.
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Last
$2.46 |
Change
-0.030(1.20%) |
Mkt cap ! $2.851B | |||
| Open | High | Low | Value | Volume |
| $2.53 | $2.53 | $2.45 | $22.17M | 8.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4200 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 600 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |