MGT magnetite mines limited.

Ann: Quarterly Activities Report, page-72

  1. 2,881 Posts.
    lightbulb Created with Sketch. 1063
    The dynamic of only 77m shares vs $31m mkt cap vs 6 Billion tonnes of resources + exploration lends itself towards a spike of comprehensive proportions is on the cards.

    For my mind, this will happen sooner than later. 2023 was a crapola year for mostly All resource stocks. 2024 is more a year of green shoots with interest rate cuts on the horizon. The minuscule amount of shares on offer vs overall scope/potential of a project of this scale presents a great buy at levels sub $1.

    Considering the investment/resource definition/legwork across mining and community engagement thats been sunk in vs a $31m mkt cap on a resource on this scale. Not many stocks i see out there in the same ball park. Add it's green steel in a state making moves to secure such investment..
    Not long now.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.7¢
Change
0.003(3.57%)
Mkt cap ! $10.66M
Open High Low Value Volume
8.7¢ 8.7¢ 8.7¢ $3.654K 42K

Buyers (Bids)

No. Vol. Price($)
1 3798 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 206026 2
View Market Depth
Last trade - 15.32pm 07/08/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.