MGT magnetite mines limited.

1.18%

8.6¢

Hi @OllieMining, At one point today when we were trading around...

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Gollada

1,996 Posts.

574

07/12/22

17:41

Post #: 65203304
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Originally posted by OllieMining: ↑

I still don't get it why everyone is talking about the share price, it doesn't matter if its 30/40/50 for 1 share.

The MC cap today is 65mill and it will still be 65 mill when the consolidation is done, you will still own the value of your shares, that doesn't change. The company's value is MC not the share price.

This baby still comes down to doing a deal with an investor, producer etc.... need funding from somewhere, if not it will hang around this undervalued MC till it happens.
Still cant believe its 65mil MC for the large resource they currently have.
I'm sure somebody will do a deal, but don't know when, but hoping very soon.
Obviously I was upset when the DFS wasn't done to support getting that investment and it shows by the current MC. Lets hope the board get it done and I can see the MC approx 250-300mill MC 4-5 times your share value which will happen.

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Hi @OllieMining, At one point today when we were trading around 0.55. Do you know what the MC might have been at that point? I am hoping it was still 65 million during the peak sell off period today.

Unfortunately, the MC is just a function of the share price. Share holders don't like consolidation, because more often than not it leads to sell off. If the SP drops due to the sell off so does the MC.

MGT Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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(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

No.	Vol.	Price($)
3	54189	0.086
2	57119	0.085
1	30000	0.083
1	36585	0.082
2	206600	0.081

Price($)	Vol.	No.
0.090	259408	3
0.092	100000	1
0.094	19800	1
0.095	6779	1
0.098	1200	1

Last trade - 15.48pm 25/07/2025 (20 minute delay)

MGT (ASX) Chart

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Hi @OllieMining, At one point today when we were trading around...

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