Yesterday I put an email to Gemma regarding the solvency of the company.
I received a prompt response today, all credit to her this is better than past.
to summarise
The continuing solvency is a concern to the directors.
there will be a video update from tim this week.
They are confident a partnering agreement will come soon from Japanese sources..
They are seeking funding to support completion of DFS as well as long term JV and off take partners.
A cap raise or debt may be a required option.
In my opinion it is crunch time, make or break. over next 5 months.
Good luck to all it will go one way or another in my opinion either 0 or $2.
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MGT
magnetite mines limited.
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Ann: Quarterly Activities Report, page-18
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Last
7.9¢ |
Change
-0.008(9.20%) |
Mkt cap ! $9.682M |
Open | High | Low | Value | Volume |
8.3¢ | 8.9¢ | 7.9¢ | $54.74K | 660.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46330 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 20000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 0.079 |
2 | 262410 | 0.078 |
3 | 55000 | 0.075 |
1 | 20000 | 0.072 |
1 | 20000 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 20000 | 2 |
0.083 | 28281 | 1 |
0.084 | 80581 | 1 |
0.090 | 206026 | 2 |
0.092 | 100000 | 1 |
Last trade - 10.25am 08/08/2025 (20 minute delay) ? |
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MGT (ASX) Chart |