Diluting via Credit raise at .001 or .004 is more difficult and painful than when the SP is sitting around 1$ or 50c.
One thing consolidation does is, it provides room for the mgmt to keep diluting. Dilution via repeated CR is what most are worried here sepcially given the high salaries and wages.
If the fundamentals don't change the the execs will stay till they can draw the high salaries and will eventually move on. Unfortunately, the shareholders won't be able to move on with taking a hit.
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MGT
magnetite mines limited.
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8.6¢

Diluting via Credit raise at .001 or .004 is more difficult and...
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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 |