MGT magnetite mines limited.

In this environment, what is the gaurantee that we will get...

  1. 1,996 Posts.
    lightbulb Created with Sketch. 574

    In this environment, what is the gaurantee that we will get funding after the consolidation? Given there will be no change in the fundamentals, will institutional investors just invest because we will have a lower SOI? Does having a lower SOI increase the feasibility of MGT going on to mining?

    In my thought, the investors are more likely to invest if we have a leaner mgmt with a lower cash burn rate that just having a lower SOI.

    And If we don't get the funding and the mgmt keeps paying it self high salaries then which way will the SP head.
 
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
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.43M
Open High Low Value Volume
8.8¢ 8.8¢ 8.6¢ $2.791K 31.77K

Buyers (Bids)

No. Vol. Price($)
3 54189 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 259408 3
View Market Depth
Last trade - 15.48pm 25/07/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.