I think people need to understand why the DFS is delayed and why they need this funding.
management has pivoted the company to suit market demand. Producing DR grade ore will push the value of this company above what we all possible expect.
the delay of the DFS is contentious, but as I see it, delaying means the ability to piggyback off government support, funding and infrastructure. None of that existed 1.5 years ago. Tim has done a huge amount in this space.
The money will get this company pushed forward without the need of funding from an external level to submit the mining lease and some other engineering developments.
like or love where MGT is at at the moment, the excitement for this company, state and Aus economy is huge.
I think people need to understand why the DFS is delayed and why...
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.5¢ | $29.38K | 117.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36620 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 33897 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |