MGT 2.78% 18.5¢ magnetite mines limited.

Thanks for your comments. Ok, questions arising are, how much do...

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  1. 274 Posts.
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    Thanks for your comments. Ok, questions arising are, how much do we have to contribute? Is this covered enough by the rights issue or would we then need a further capital raise? I have read somewhere about the intention to make the project 'smaller', with the size of the whole property and the huge amount of shares on the market, would still be plenty of money on offer. Even if we don't contribute and let 70% 'go'. But with the money of these 30%, could we fund our own project on the same paddock? Lastly, how likely is a share consolidation in the next 12 months at these low prices? I have bought into MGT a while back and have averaged nicely down so far. But there is hardly any response here on HC. Why is this stock so awfully quiet? It almost seems to shy away from publicity.....
 
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