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3.45%

14.0¢ magnetite mines limited.

MGT share price, page-5232

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Stocki

2,200 Posts.

813

24/04/21

14:04

Post #: 52697977
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Originally posted by BullishTrends: ↑

100% 2.8bil SOI is nothing in comparison to some companies. With our potential and resources, its enough so everyone can join the ride, yet still see us worth $X come production

Also @Stocki. Agreed about the low SOI companies and consistent CR's.
As for DFS funding i would say we are only partially funded. As we were fully funded for PFS and therefore cost of recent endevours are accounted for (with the exception of Muster Dam work), we can safely assume that options conversion capital could go straight to DFS funding. With the previous BMD farm in offer we can deduce a >$10mil cost for DFS completion (lets say $6-8mill, because we are completing it ourselves and not trying to be compensated for a loss of interest in our project). So that puts us $930k/6-8M before the month of expiry, if we see another 130m of the odd 160m OC oppies remaining converted, we will be fully funded. This also doesn't include extra cash from OD or Unquoted oppies conversion.
Perfect storm on the forecast

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Absolutely, name me any penny stock does that way? We had fully funded PFS and filling bags for upcoming DFS .

MGT Price at posting: 6.3¢ Sentiment: Buy Disclosure: Not Held
9 Upvote

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Last 14.0¢		Change -0.005(3.45%)		Mkt cap ! $16.14M

Open	High	Low	Value	Volume
14.0¢	14.0¢	14.0¢	$1.128K	8.055K

Buyers (Bids)

No.	Vol.	Price($)
1	1000	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	76869	1

View Market Depth

No.	Vol.	Price($)
1	1000	0.140
2	48592	0.135
1	70398	0.130
1	120000	0.125
2	22000	0.120

Price($)	Vol.	No.
0.145	76869	1
0.150	119850	3
0.155	29825	1
0.165	20000	1
0.170	8500	1

Last trade - 10.21am 18/11/2024 (20 minute delay)

MGT (ASX) Chart

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