I for one have started buying in to MGT recently after having it on my watch list for some time. They have a huge resource which is still growing and are working towards putting everything in place prior to commencement of mining. They currently have a MC of around $45M with $9.6M cash.
In regard to dilution, you have to be kidding mate! A lot of small caps would be very envious to have a resource the size that MGT has, be working towards commencement of mining and only have around 75.8M shares on issue. MGT could raise another $10M at a very conservative 50c/share and still have under 100M shares on issue.
Realistically MGT could easily be multiples of their current MC within a year or two. With a tight register this has huge benefits for shareholders. It takes patience though as a shareholder to reap those benefits and many will sell way too early because they expect every step to happen instantaneously!
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Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $27.08M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 26.0¢ | $703 | 2.704K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26835 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 11532 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 26835 | 0.260 |
5 | 42802 | 0.255 |
6 | 49501 | 0.250 |
1 | 205000 | 0.245 |
2 | 17500 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 11532 | 1 |
0.270 | 4000 | 1 |
0.275 | 10000 | 1 |
0.280 | 22562 | 2 |
0.290 | 4281 | 1 |
Last trade - 13.08pm 01/08/2024 (20 minute delay) ? |
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