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14.0%

27.0¢ magnetite mines limited.

Until then our SP goes crashing back down and we are left with...

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iluminaughty

2,476 Posts.

580

07/12/22

08:55

Post #: 65189065
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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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Until then our SP goes crashing back down and we are left with a fraction of the shares we originally had. Rinse and repeat!!!

MGT Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 27.0¢		Change -0.044(14.0%)		Mkt cap ! $26.57M

Open	High	Low	Value	Volume
31.0¢	31.0¢	27.0¢	$84.40K	295.3K

Buyers (Bids)

No.	Vol.	Price($)
2	1199	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	19396	1

View Market Depth

No.	Vol.	Price($)
2	1199	0.270
1	3500	0.265
2	12246	0.260
1	2600	0.255
4	50000	0.250

Price($)	Vol.	No.
0.275	19396	1
0.280	85595	1
0.295	200000	1
0.300	13248	3
0.310	5694	2

Last trade - 15.41pm 24/06/2024 (20 minute delay)

MGT (ASX) Chart