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5.56%

19.0¢ magnetite mines limited.

So do you have a monetary value you think should be applied to...

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BoogieB

920 Posts.

261

01/05/24

20:38

Post #: 73617171
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Originally posted by srood: ↑

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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So do you have a monetary value you think should be applied to the SP once lease and funding to mining has been provided?

MGT Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $19.44M

Open	High	Low	Value	Volume
18.0¢	19.0¢	18.0¢	$16.18K	85.20K

Buyers (Bids)

No.	Vol.	Price($)
2	45000	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	60357	3

View Market Depth

No.	Vol.	Price($)
2	45000	0.185
10	63321	0.180
6	98682	0.170
3	14400	0.165
1	8000	0.160

Price($)	Vol.	No.
0.190	60357	3
0.200	19530	2
0.220	3773	1
0.250	3120	1
0.000	0	0

Last trade - 16.10pm 17/09/2024 (20 minute delay)

MGT (ASX) Chart