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28.0¢ magnetite mines limited.

I think if they had any type of funding we would already know.

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Irongrilled

832 Posts.

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30/01/22

15:08

Post #: 59222507
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Originally posted by BigJohn1: ↑

If tomorrow morning a announcement came out that funding or part funding has been secured MGT would hit 20 cents within days, this is what most long term holders are waiting for.
It’s certainly been a roller coaster ride for me personally having bought in pre PFS on the way up to 9.4 cents and I have been averaging down as much as possible, yes management are working hard but my belief is a JV is their last resort as they want full control.
personally I would prefer a JV as this would guarantee mining and production a lot earlier but we’ll have to wait and see.
Since investing in the green iron space I’ve become aware of many other miners either starting or currently producing magnetite so I’m not getting my hopes up too much but if funding is secured it will be like winning lotto.
With iron ore price forecast to reach $150 dollars US in the coming months MGT is well positioned to increase its SP.
Anyway good luck everyone hopefully some good announcements come out next week and we return to the pre PFS prices soon somewhere in the 6c mark.

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I think if they had any type of funding we would already know.

MGT Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 28.0¢		Change 0.000(0.00%)		Mkt cap ! $27.56M

Open	High	Low	Value	Volume
28.0¢	28.0¢	27.5¢	$20.09K	71.92K

Buyers (Bids)

No.	Vol.	Price($)
1	30320	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	156353	4

View Market Depth

No.	Vol.	Price($)
1	30320	0.275
6	55262	0.270
2	20381	0.265
2	11538	0.260
1	2600	0.255

Price($)	Vol.	No.
0.280	156353	4
0.285	10770	1
0.290	144567	2
0.295	200000	1
0.300	9883	2

Last trade - 12.19pm 26/06/2024 (20 minute delay)

MGT (ASX) Chart