MGT magnetite mines limited.

Ann: Renounceable Rights Issue to raise up to $15.8M, page-265

  1. 480 Posts.
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    MGTREs are the "renouncable entitlement". That means you have an entitlement to participate as a shareholder, and from 21 April you can "renounce" that right and sell it to someone else. They will cease trading on 6 May, and disappear entirely on 13 May. Anyone who exercises their entitlement will get MGT shares, and 1 new option for each 2 MGT shares, on 20 May. The options will then be tradeable for a year.

    @MrStrengths - (edit: reply broke down) Personalised letters with take up details specific to your entitlement will be sent out tomorrow, 27 April. It isn't clear from my memory of what I read if it will be post, email or both.

    Speaking generally now and not directed at you directly, I will say again, it is pretty poor the entitlement has been tradeable since 21 April, and hit a high of 2 cents at today, and yet many people who have that entitlement still havent been credited with it at COB on 26 April.

    The market should be equitable... not a great look to not have the entitlements available in every account entitled to them more than 3 trading days later.

    If part of a CR is making the right to it tradeable on a set date, every single right should be available to trade before open on that date.

    Just to be clear though, I'm not blaming or directing this at the company.
    Last edited by barmy44: 26/04/22
 
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Last
8.1¢
Change
-0.005(5.81%)
Mkt cap ! $9.827M
Open High Low Value Volume
8.7¢ 8.7¢ 8.1¢ $29.81K 358.2K

Buyers (Bids)

No. Vol. Price($)
1 123712 8.1¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 20624 2
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Last trade - 15.37pm 28/07/2025 (20 minute delay) ?
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