MGT magnetite mines limited.

I dont get why it has to be $5 after consolidation? They have...

  1. 831 Posts.
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    I dont get why it has to be $5 after consolidation? They have specifically stated that they are consolidating as financiers have stated that is what they require. It may go up or down immediately after consoidation but again if you believe in the management and company, who cares what happens in the immediate short term. I believe (depending on announcements and market conditions) MGT can get back to $200-300m MC once the go forward case has been decided on.

    in your opinion what is the alternative to consolidation. Don't consolidate, never get funding, management gives up etc. Not too sure how this option would help the share price.

 
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(20min delay)
Last
8.5¢
Change
-0.001(1.16%)
Mkt cap ! $10.53M
Open High Low Value Volume
8.6¢ 8.6¢ 8.5¢ $2.838K 33.2K

Buyers (Bids)

No. Vol. Price($)
2 104 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 15868 1
View Market Depth
Last trade - 13.10pm 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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