There is uncertainty about Mt Magnet costs and they announce a capital raising when the share price is falling. How bad do things have to get before you lose confidence?
This capital raising is almost a vote of no confidence in MT Magnet, especially after they said they wouldn't need to raise captital for the project. This is almost a signal of a failed project because you wouldnt normally raise capital with $100 million in the bank unless there was serious issues.
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Last
$2.51 |
Change
0.050(2.03%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $2.47 | $2.52 | $2.44 | $13.06M | 5.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 23006 | 6 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| RMS (ASX) Chart |