MGT magnetite mines limited.

This is my understanding of how consolidation at 50:1 will...

  1. 607 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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(20min delay)
Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.53M
Open High Low Value Volume
8.6¢ 8.6¢ 8.6¢ $198 2.3K

Buyers (Bids)

No. Vol. Price($)
1 15984 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 257719 2
View Market Depth
Last trade - 15.37pm 30/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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