MGT magnetite mines limited.

You are seriously deluded if you figure 'mass dilution' has been...

  1. 2,856 Posts.
    lightbulb Created with Sketch. 1031
    You are seriously deluded if you figure 'mass dilution' has been taking place with MGT. Less than 80/90m shares outstanding and a mkt cap of $31m (see below) based on an stunning resource thats been drilled, calculated and approaching DFS. Add to that its garnered the support of CIMIC and is in talks with State Govs for approvals and the like. Once again, all that with only 80 odd m shares outstanding?!

    You honestly calling dilution? You should take off the blinkers and check some other asx resource companies at similar growth stages ontop of an absolute horror 18 months for junior asx stocks in general. Its been a period of bunkering down and keeping share dilution and cash flow at a minimum for the majority of juniors. Inflation falling in the US and interest rates steadying may lead to a reversal...fingers crossed.

    Also, a quick check on your HC posting history and looks as though you've been posting a couple years on MGT without being a holder harping on about water, now dilution?! Honestly, why would you bother? Either adolescence or bitter having lost, there comes a time when you gotta move on. Every HC thread has one i guess and you are it for MGT. Ignore function is a beautiful thing....

    https://hotcopper.com.au/data/attachments/5757/5757395-a92defd4b3a87e9fe5d27ce1cda7b189.jpg

 
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(20min delay)
Last
9.0¢
Change
-0.004(4.26%)
Mkt cap ! $10.89M
Open High Low Value Volume
9.5¢ 9.5¢ 9.0¢ $11.06K 120.8K

Buyers (Bids)

No. Vol. Price($)
5 240861 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 1796 1
View Market Depth
Last trade - 15.32pm 19/06/2025 (20 minute delay) ?
MGT (ASX) Chart
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