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5.56%

19.0¢ magnetite mines limited.

Ann: Renounceable Rights Issue to raise up to $15.8M, page-394

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MrStrengths

2,990 Posts.

1428

16/05/22

19:15

Post #: 61439281
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Originally posted by MGT4eva: ↑

I agree. Speaking of true value, the DFS will obviously help but what I feel management is somewhat lacking on are offtakes. I don't think they are keen on offtakes/MOUs. Nothing has been said about them in all of the AGMs. I get the vibe that they perceive it as useless paper but it would really shoot a rocket up the SP. Look at PLS, AVZ, HIO or any other company for that matter. Would be great if someone can raise it to mgmts attention and see if they are able to initiate that discussion with interested parties. Surely, there are a few with the hype around DRI.

Expand

Next 6 months will likely be very interesting.

MGT pulls wild cards.
Muster was a prime example.

The latest wild card, forgetting about expansion - was, in my opinion, the water situation.
I.e. utilising waste water for processing, meeting 100% of our need, including expansion. That was a massive navigation.

Last edited by MrStrengths: 16/05/22

MGT Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
13 Upvote

1 Great analysis

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(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $19.44M

Open	High	Low	Value	Volume
19.0¢	19.0¢	19.0¢	$476	2.504K

Buyers (Bids)

No.	Vol.	Price($)
2	3388	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	13879	2

View Market Depth

No.	Vol.	Price($)
2	3388	0.185
5	95689	0.180
3	56500	0.170
2	4400	0.165
1	20000	0.160

Price($)	Vol.	No.
0.190	13879	2
0.195	74058	2
0.200	19530	2
0.220	3773	1
0.250	3120	1

Last trade - 14.38pm 11/09/2024 (20 minute delay)

MGT (ASX) Chart