MGT magnetite mines limited.

The dynamic of only 77m shares vs $31m mkt cap vs 6 Billion...

  1. 2,877 Posts.
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    The dynamic of only 77m shares vs $31m mkt cap vs 6 Billion tonnes of resources + exploration lends itself towards a spike of comprehensive proportions is on the cards.

    For my mind, this will happen sooner than later. 2023 was a crapola year for mostly All resource stocks. 2024 is more a year of green shoots with interest rate cuts on the horizon. The minuscule amount of shares on offer vs overall scope/potential of a project of this scale presents a great buy at levels sub $1.

    Considering the investment/resource definition/legwork across mining and community engagement thats been sunk in vs a $31m mkt cap on a resource on this scale. Not many stocks i see out there in the same ball park. Add it's green steel in a state making moves to secure such investment..
    Not long now.

 
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(20min delay)
Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.53M
Open High Low Value Volume
8.6¢ 8.6¢ 8.6¢ $198 2.3K

Buyers (Bids)

No. Vol. Price($)
1 15984 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 257719 2
View Market Depth
Last trade - 15.37pm 30/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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