MGT

3.03%

16.0¢ magnetite mines limited.

Ann: Renounceable Rights Issue to raise up to $15.8M, page-310

First 310 Last

Share
Profile

Follow
MrStrengths

3,066 Posts.

1440

28/04/22

18:30

Post #: 61080287
Share

Originally posted by BoogieB: ↑

One thing I haven’t see discussed so far.

This raise has the shares selling for $.025, raising a total of $15.8m.
Management have also put their money wheif re there mouth is and partially underwritten the raise. They also plan to partake in the raise.

If the $15.8 million is raised, that means that there will then be half the amount of these shares created in Options. These options expire in 1 year.
To get these options exercised, MGT needs to be above 5c.
If it is, management have locked in another $15m give or take to contribute towards further funding. This will mean that from here on in, it is very unlikely that we will need a CR in the next year, and they will have a healthy amount for expenditure going forward,

This raise is pivotal for cementing the future of this company beyond this raise, and it also allows any current holder to be less diluted than if it was raised independently.

Expand

Mate, thanks!

that hadn't even clicked for me.
good 1

MGT Price at posting: 2.9¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

There are more pages in this discussion • 128 more messages in this thread...

First 310 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $18.45M

Open	High	Low	Value	Volume
16.8¢	16.8¢	16.0¢	$44.37K	273.9K

Buyers (Bids)

No.	Vol.	Price($)
2	2953	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	321715	2

View Market Depth

No.	Vol.	Price($)
2	2953	0.160
3	152500	0.155
4	37150	0.150
1	10000	0.145
1	20000	0.140

Price($)	Vol.	No.
0.170	321715	2
0.175	31031	2
0.180	143753	4
0.185	3000	1
0.190	10000	1

Last trade - 15.09pm 01/11/2024 (20 minute delay)

MGT (ASX) Chart

Ann: Renounceable Rights Issue to raise up to $15.8M, page-310

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Renounceable Rights Issue to raise up to $15.8M, page-310

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

What each US election outcome would mean for Australian companies & investors

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News