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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MGT
magnetite mines limited.
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8.6¢

This is my understanding of how consolidation at 50:1 will...
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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($) | Vol. | No. |
---|---|---|
9.0¢ | 257719 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15984 | 0.086 |
1 | 10000 | 0.085 |
2 | 24833 | 0.082 |
1 | 123712 | 0.081 |
4 | 72340 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 257719 | 2 |
0.091 | 59558 | 1 |
0.092 | 100000 | 1 |
0.095 | 6779 | 1 |
0.098 | 21000 | 2 |
Last trade - 15.37pm 30/07/2025 (20 minute delay) ? |
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MGT (ASX) Chart |