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38.0¢ magnetite mines limited.

Ann: Renounceable Rights Issue to Raise up to $6.2M, page-32

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mw92

6 Posts.

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26/10/23

17:16

Post #: 70559478
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Originally posted by 1DLB1: ↑

I know this is how it is and a few people don't like me reminding us of the pre consolidation price ... but the issue of 20,000,000 shares under this raise is the equivalent of 1 BILLION shares in the old money....to raise 6.2M bucks !! in a tough market. I hope
management don't suggest this raise is minimal/conservative because it is nothing but disastrous.
I assume this is to keep the lights on , because the last raise was shoring up the cash flow to see us through to the completion of the DFS ? which we don't have.
has anyone got a updated time line that I may have missed in recent announcements/discussions ?

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I sadly have to agree re keeping the lights on... while maintaining their lack of accountability. The team is making it very difficult to hold too much hope for the project delivering a positive return for long term share holders.

MGT Price at posting: 31.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.000(0.00%)		Mkt cap ! $37.40M

Open	High	Low	Value	Volume
38.0¢	38.0¢	38.0¢	$501	1.319K

Buyers (Bids)

No.	Vol.	Price($)
3	117197	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
38.0¢	12080	4

View Market Depth

No.	Vol.	Price($)
3	117197	0.370
1	2500	0.365
3	18500	0.360
2	31267	0.355
2	22000	0.350

Price($)	Vol.	No.
0.380	11280	3
0.385	5000	1
0.390	7154	2
0.395	7590	1
0.410	82548	4

Last trade - 10.05am 07/06/2024 (20 minute delay)


Last 37.0¢			Change 0.000 ( 2.63 %)
Open	High		Low	Volume
37.0¢	37.0¢		37.0¢	2000
Last updated 11.09am 07/06/2024 ?

MGT (ASX) Chart