MGT magnetite mines limited.

If you want the MGT marketing response to questions on the...

  1. 744 Posts.
    lightbulb Created with Sketch. 243
    If you want the MGT marketing response to questions on the Consolidation fiasco see below.

    Thank you for your email. We understand that shareholders are disappointed with the current share performance and note that the Company’s directors are major shareholders, and that management remuneration is largely linked to share price performance. We note your comments with regards to the Company’s recent consolidation of capital. MGT’s board and management are fully committed to delivering maximum long-term value for all shareholders and the capital consolidation is aligned with the Company’s strategic pathway to delivering a larger-scale, staged development that takes full advantage of the large resource base and available infrastructure. In concert with this strategy, the Company has tightened its capital structure in readiness for potential investment by institutional investors, who traditionally have policy thresholds that preclude investment in stocks with a low share price and associated high volatility. The consolidation was tabled in the Notice of Meeting, and the reasons for doing so outlined in subsequent releases, webinars and Q&A with shareholders. The consolidation was approved by shareholders at the Company’s Annual General Meeting (AGM) held on 23 November 2022, please refer to the Notice of Meeting and the Results of Meeting announcements made on the ASX platform. Please be assured that the Company remains fully focussed on the development of our world-class Razorback Iron Ore Project and look forward to updating the market over the coming weeks and months.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.6¢
Change
0.000(0.00%)
Mkt cap ! $10.53M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 15984 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 79337 1
View Market Depth
Last trade - 10.00am 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.