MGT 14.3% 36.0¢ magnetite mines limited.

Another little pump on a MOU...which quickly runs out of steam...

  1. 200 Posts.
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    Another little pump on a MOU...which quickly runs out of steam .... (very quickly). I have sold most of my holding as a believe there will be another cap raise prior to the release of the DFS and a decision to mine.
    That said, I still believe in the project long term but I also believe there will be a much better time to reinvest in MGT.
    History suggests the share price is likely to drop to approximately 50% of the cap raise price. My money will stay invested elsewhere until MGT gets closer to releasing the DFS.
    How many long term holders remember 2024 was the timeline date to start mining prior to the PFS???
 
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Last trade - 12.09pm 06/05/2024 (20 minute delay) ?
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