MGT magnetite mines limited.

OK so now everyone has gone negative.We don't have billions of...

  1. 842 Posts.
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    OK so now everyone has gone negative.
    We don't have billions of tons of a product that in time many iron producers will want.
    Low in impurities and high in iron.
    Easy access to mine and not too far from ports for shipping.
    Softer ore that is less costly to crush requiring lower power costs.
    A state government that wants the project to proceed.
    Management that seems to have great credentials.
    Am I happy that the DFS has been pushed back?
    Shit no, I have over 7m oppies that may be worthless after May.
    Am happy with the share price? Hell no.
    Am I happy they have oppies extended and we don't. Shit no.
    I can only hope they are working hard to have the new DFS completed
    sooner rather than later and they can have something substantial enough to
    make the market take notice.
    Unfortunately we are at a time in the market where many would be miners
    will be on the nose. Unless there is very good news which is unlikely then
    there is little chance of our price going up any time soon.
    They say the share market is a place where money moves from the impatient
    to the patient and I am sure that is right but of course you have the right companies.
    Like many here I was hoping that MGT might be a mini FMG.
    I guess in time we will know.
    We all know that there have been and still are many small mining companies
    that are just cash cows for the directors I trust MGT is not one of them.
 
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Last
8.8¢
Change
0.002(2.33%)
Mkt cap ! $10.78M
Open High Low Value Volume
8.6¢ 8.8¢ 8.5¢ $3.717K 43.30K

Buyers (Bids)

No. Vol. Price($)
1 12784 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 15167 2
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Last trade - 14.34pm 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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