MGT 0.00% 14.5¢ magnetite mines limited.

Ann: Renounceable Rights Issue to raise up to $15.8M, page-313

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  1. 961 Posts.
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    Drilling results, DFS, financials. Decision to mine.

    I believe that the expansion papers were released in the hope to increase some SP momentum before the raise. It hasn’t worked out that way, but with any hints at securing finance, the SP will fall in line with the resource level.

    I believe in 2024 you will be able to buy sub 30c, but by 2027 with expansion on the cards, there will be no more bargains.
 
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