MGT 5.56% 25.5¢ magnetite mines limited.

Ann: Quarterly Activities Report, page-18

  1. 405 Posts.
    lightbulb Created with Sketch. 131
    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.
 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
25.5¢
Change
-0.015(5.56%)
Mkt cap ! $26.06M
Open High Low Value Volume
28.0¢ 28.0¢ 25.5¢ $63.07K 242.0K

Buyers (Bids)

No. Vol. Price($)
3 18088 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.5¢ 10000 1
View Market Depth
Last trade - 16.10pm 31/07/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.