MGT magnetite mines limited.

1.18%

8.6¢

My only concern here is that we may need another CR before the...

First 4 Last

Share
Profile

Follow
Franciscus

1,723 Posts.

599

29/04/24

10:42

Post #: 73554074
Share

Originally posted by MGT4eva: ↑

"Due diligence was completed by a range of counterparties during the quarter, with several parties now
engaged in transactional negotiations with the Company relating to potential funding support for the
Project, as Magnetite Mines progresses Razorback towards FID."

2 quarters to go before we run out of cash in the kitty. I am sure Tim will get us across the line soon. What I took from this announcement is that the company is going full steam ahead with this project. No mucking around, establishing relationships, partner negotiations, investigating water pipeline costs, mining lease, DFS, land titles/owners, etc. I am still encouraged by our crew. We are slowly ticking the boxes and chipping away. One magnetite at a time.

Expand

My only concern here is that we may need another CR before the DFS is completed. This was explicitly stated last year as NOT being required, with the DFS being "fully funded" based on previous raises - so what gives?
Nothing I hate more than being lied to by the management of a company I've invested my hard earned in..

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

0 Great analysis

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

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 8.6¢		Change 0.001(1.18%)		Mkt cap ! $10.43M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.6¢	$2.791K	31.77K

Buyers (Bids)

No.	Vol.	Price($)
3	54189	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	259408	3

View Market Depth

No.	Vol.	Price($)
3	54189	0.086
2	57119	0.085
1	30000	0.083
1	36585	0.082
2	206600	0.081

Price($)	Vol.	No.
0.090	259408	3
0.092	100000	1
0.094	19800	1
0.095	6779	1
0.098	1200	1

Last trade - 15.48pm 25/07/2025 (20 minute delay)

MGT (ASX) Chart

My only concern here is that we may need another CR before the...

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

My only concern here is that we may need another CR before the...

Top Stories

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News