Hi amb005, can absolutely understand your concern on consolidations given the timing. A positive example of a consolidation is Boss Energy ('BOE' - another SA mining venture). Although their consolidation has lead to mainly sideways SP movement, it has still been overall positive for attracting institutional investors.
After looking further at todays announcement, I think MGT can look forward to similar benefits, "Since September 1, 2022, Magnetite Mines has presented to 16 potential strategic partners, 3 companies have been granted access to a Virtual Data Room (VDR) under a Non-Disclosure Agreement (NDA), and 6 companies are pending VDR access once their NDA process is complete."
This statement is very positive news & the consolidation is in line with the attention we are pushing to receive more of as long term shareholders.
*Disclaimer - I bought another parcel of shares this morning.
Hi amb005, can absolutely understand your concern on...
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $30.02M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 30.0¢ | $51.59K | 169.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 128999 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 35523 | 1 |
View Market Depth
| Last trade - 15.31pm 12/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |