MGT 3.28% 29.5¢ magnetite mines limited.

Ann: Chair's Address for 23 November 2022 AGM, page-33

  1. 551 Posts.
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    This is my understanding of how consolidation at 50:1 will benefit share price, in order for institutions to invest the share price needs to be around 1 dollar to comply with investor requirements, so 20:1 or 30:1 or 5:1 ain’t going to cut the mustard.
    Once we reach the 1 dollar magic number share price and funding can be discussed and hopefully part or some positive announcements, there’s no reason share price should tank unless fundamentals change.
    Yes there’s is a risk and nothing is guaranteed in life but like I’ve said in my previous comments, if the reason you invested into mgt a year ago or two years ago hasn’t changed, then stand strong because we are going to find out over the next couple of months where we are headed.
 
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