MGT magnetite mines limited.

Are you dense? Half of your overpumped SP has probably been...

  1. 1,726 Posts.
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    Are you dense? Half of your overpumped SP has probably been caused by traders who jumped out of MGT in July last year when they saw the SP dropping post-PFS.. The very same bunch who will likely jump straight back in to MGT the minute they see our SP rise as we approach DFS release, given our superior fundamentals and significantly more realistic chance of reaching production. Does NSW have a government who've promised $10BN of funding for magnetite in the immediate future? I don't think so.
    $200M funding, out of the $2B they're hoping to receive.. So you've got 10% of your goal and you're bragging about that? Lol.
    Options are irrelevant - MGTOC and MGTOD options were looking very attractive at a certain point last year too, and being traded for almost 5c each. It's all based on timing.
    "Letters of intent" - lol.

    I'm not seeing how MGT's shareholders have been "annihilated" when almost every post in here has been from holders claiming they're hoping to buy their full allocation and then some.. The SP thus far has held firmly at 3.1c, with a pretty solid buy-sell ratio, suggesting it's likely to bounce straight back up in the very near future. As someone who participated in the last retail shareholder CR at 1c who watched the SP steadily rise afterward, I implore you, as someone who doesn't hold, to go away.
 
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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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