MGT magnetite mines limited.

1.18%

8.6¢

POssibly because iron ore is resurgent right now. All things...

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Lambchops

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21/01/22

20:16

Post #: 59051928
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Originally posted by luvkakuwadu: ↑

Fortescue Metals Group Ltd (Fortescue, ASX: FMG) and Sinosteel have signed a binding Memorandum of Understanding (MoU) to complete a rapid project assessment of Sinosteel’s Midwest Magnetite Project, with the assessment to include a rail and port development at Oakajee

At the conclusion of the 12 month rapid project assessment and subject to the outcome of that process, Fortescue has the option to acquire up to 50 per cent of the Midwest Magnetite Project and up to 100 per cent of the proposed port and rail infrastructure project. Fortescue Chief Executive Officer, Elizabeth Gaines said, “For over three decades, Sinosteel has demonstrated their strong performance and ability to deliver mining projects in Australia including their Channar Mine in the Pilbara.

“The signing of this MoU demonstrates Fortescue’s commitment to our strategic pillars of investing in the long-term sustainability of our iron ore business, expanding into new regions and continuing to deliver strong returns to our stakeholders

Thoughts? Why is FMG looking at magnetite now..hmm...

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POssibly because iron ore is resurgent right now. All things being equal I would hope that an iron ore increase is for a period of years. This pandemic you would hope that .gov all over would be doing t.heir best to kick along their economies.

MGT Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.6¢		Change 0.001(1.18%)		Mkt cap ! $10.43M

Open	High	Low	Value	Volume
8.8¢	8.8¢	8.6¢	$2.791K	31.77K

Buyers (Bids)

No.	Vol.	Price($)
3	54189	8.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	259408	3

View Market Depth

No.	Vol.	Price($)
3	54189	0.086
2	57119	0.085
1	30000	0.083
1	36585	0.082
2	206600	0.081

Price($)	Vol.	No.
0.090	259408	3
0.092	100000	1
0.094	19800	1
0.095	6779	1
0.098	1200	1

Last trade - 15.48pm 25/07/2025 (20 minute delay)

MGT (ASX) Chart

POssibly because iron ore is resurgent right now. All things...

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

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Buyers (Bids)

Sellers (Offers)

Featured News

POssibly because iron ore is resurgent right now. All things...

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Astute delivers high-grade lithium hits at Red Mountain

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News