MGT magnetite mines limited.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

  1. 1,690 Posts.
    lightbulb Created with Sketch. 588
    And look, I'm sorry, but how can management be "doing such a fantastic job", when the share price is currently at a 5YR low, effectively at 0.2c pre-consolidation equivalent, when I and most other longer-term holders here probably have an average holding buy-in price of about 1-2c (pre-consolidation). Is a drop to 10-20% of value in our holdings after 5 or so years, as the project should've been fairly significantly de-risked with further mining studies completed, to be seriously considered "a fantastic job"? Should we be grateful for this ridiculously large paper loss?

    Only really playing devil's advocate here, as I'm as hopeful for a turnaround in shareholder value as anyone, but far out.. there's only so much suffering one can endure, when they've wasted tens of thousands of their hard-earned on promises that haven't really been fulfilled..
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
9.5¢
Change
0.001(1.06%)
Mkt cap ! $11.49M
Open High Low Value Volume
9.3¢ 9.5¢ 9.3¢ $4.204K 45.02K

Buyers (Bids)

No. Vol. Price($)
2 30416 9.3¢
 

Sellers (Offers)

Price($) Vol. No.
9.5¢ 76936 1
View Market Depth
Last trade - 13.42pm 16/06/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.