MGT 1.67% 30.5¢ magnetite mines limited.

Yep exactly, Im going to get out next time we get above 2 if I...

  1. 7,170 Posts.
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    Yep exactly, Im going to get out next time we get above 2 if I can.

    consoidation of 50-1 at 2cents, will be $1. Almost always after consolidation price falls, and plus they have confirmed they are doing the consolidation for cap raise.

    So 2cs * 50 = $1. If the price can even stay at 2 cents up until then. Price will likely fall so lets say after consolidation 90, then they do the standard cap raise at around 20% discount to that so raise at around 70cents. Thats the equivalent of them raising at 1.4 cents pre consolidation (todays prices) and given the history of the price always going down to meet cap raise price and under (happened with every single cap raise MGT has done) Your looking at being able to get back in 1.4 (70cents post consolidation) or under if you still want to.
 
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