Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

3.80%

38.0¢ magnetite mines limited.

MGT is close to transformational deal.. Did someone say Nippon...

First 8 Last

Share
Profile

Follow
Mas37

1,240 Posts.

369

29/04/24

16:06

Post #: 73563024
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

MGT is close to transformational deal.. Did someone say Nippon steel from Japan..?
4 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 85 more messages in this thread...

First 8 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 38.0¢		Change -0.015(3.80%)		Mkt cap ! $37.40M

Open	High	Low	Value	Volume
40.0¢	40.0¢	38.0¢	$11.07K	28.83K

Buyers (Bids)

No.	Vol.	Price($)
3	16600	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	5000	1

View Market Depth

No.	Vol.	Price($)
2	15464	0.375
3	118108	0.370
2	17100	0.360
2	25000	0.355
2	22000	0.350

Price($)	Vol.	No.
0.380	5000	1
0.385	1973	1
0.390	7296	1
0.395	3400	1
0.400	625	2

Last trade - 13.32pm 04/06/2024 (20 minute delay)


Last 37.5¢			Change -0.015 ( 5.06 %)
Open	High		Low	Volume
39.5¢	39.5¢		37.5¢	24014
Last updated 14.35pm 04/06/2024 ?

MGT (ASX) Chart