I always sit there and wonder about MGT vs MGX... Mt Gibson just never seems to be able to get much past $1b market cap even though it is crazy profitable.. different mine life etc but I just wonder in MGT will be able to push beyond $1b.. admittedly that is 6X where it stands today however there is going to be a capital raise/debt facility that will dilute shareholder gains to an extent. Realistically there is no where near enough cash to start a fully functional iron ore mine at the present moment, there will need to be a massive injection of capital from somewhere at some stage so where will that leave the share price? I feel more than confident that profitability will be part of MGT's future however I have been involved in investment long enough to know that we are still a long way out from home.
MGT share price, page-5539
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $19.60M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $75.52K | 441.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 20920 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7 | 0.170 |
5 | 51262 | 0.165 |
1 | 50000 | 0.160 |
1 | 10000 | 0.155 |
1 | 5000 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 20920 | 1 |
0.180 | 110368 | 3 |
0.185 | 54321 | 2 |
0.190 | 44358 | 1 |
0.195 | 8310 | 3 |
Last trade - 14.03pm 14/10/2024 (20 minute delay) ? |
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MGT (ASX) Chart |