MGT magnetite mines limited.

Unfortunately, we're in a bit of a dangerous position at the...

  1. 3,210 Posts.
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    Unfortunately, we're in a bit of a dangerous position at the moment.
    we're a bit vulnerable, and are very much a shorters delight.

    you'll note we're getting a lot of consistent, heavy battering from our traditional shorters, i.e. daz, maxtoday, buddypraise and the rest.

    TCB is really smart about it and has created a whole thread with broker data, emphasising selling off of citi, CS etc.

    we are very, very much a target, and there's not much we can do about it.

    our shares don't come online until the 20th of next month, and in that time our share price may very well dip below raise price, which is the exact flag the shorters are trying to get us across.

    having said that - I have full confidence we'll fulfill our quota re passionate shareholders - we are already 1/3 underwritten - and I expect us to rise in tandem over the next couple quarterlies.

    just maybe prepare for some short term pain.

    gotta hate them shorters, but damn they're good at what they do.
 
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(20min delay)
Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.43M
Open High Low Value Volume
8.8¢ 8.8¢ 8.6¢ $2.791K 31.77K

Buyers (Bids)

No. Vol. Price($)
3 54189 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 259408 3
View Market Depth
Last trade - 15.48pm 25/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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