MGT 1.28% 39.5¢ magnetite mines limited.

Ann: Quarterly Activities Report, page-26

  1. 2,745 Posts.
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    Each time I've purchased over the past week it's dropped back simultaneously. Enter fun and games and what ultimately looks like serious accumulation.

    For my mind, it looks like a serious spike is on the cards.

    Heaven knows once they announce the strategic partner where this will end up at?!

    Happy to be an early bird.

    -77m shares outstanding (consolidation post resource drilling)
    - Resource truly world class.
    - MKT Cap on this world class resource?.,.................wait.for it...................,...................,.........................................................
    - $26m?!... 6 Billion tonne resource at $26m mkt cap. Add to that it's weeks away from apply for its mining lease. Across all segments of pre DFS its well on the path.
    - DFS and Strategic Partnerships on the cusp in the coming quarter
    - Why wouldn't they contribute a measly piddance to aid DFS for decades of a 6 Billion tonne Resource?

    = A great buy at sub .30 cents. Post consolidation/drilling has made this a rare opportunity.





 
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Last
39.5¢
Change
0.005(1.28%)
Mkt cap ! $38.88M
Open High Low Value Volume
39.0¢ 39.5¢ 38.5¢ $18.73K 48.37K

Buyers (Bids)

No. Vol. Price($)
3 28000 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 625 1
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Last trade - 15.43pm 03/06/2024 (20 minute delay) ?
Last
39.5¢
  Change
0.005 ( 1.28 %)
Open High Low Volume
39.5¢ 39.5¢ 38.5¢ 19353
Last updated 15.43pm 03/06/2024 ?
MGT (ASX) Chart
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