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5.56%

19.0¢ magnetite mines limited.

Finance may come prior to the feasibility study. This has been...

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BoogieB

920 Posts.

261

06/01/23

10:30

Post #: 65557726
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Originally posted by Gollada: ↑

i just can't understand the timing and urgency around the current consolidation. Don't even thing it was required at this point. At least not untill they made a positive feasibility announcement. That would have made the Share holders happy, and a consolidation after a positive BFS would have sent the right signal to interested investors. At this point I doubt if there are any serious interested investors. They are all waiting to see how the BFS will shape up.

What did the current consolidation achieved? Nothing positive. It is only going to make the investors more greedy. Despite the drop in SP they are still going to push for further discount.

IMHO, the only scenario this consolidation makes sense is if the mgmt had doubt whether the BFS will stack up to the market expectation.

Get the consolidation done, catch the unsuspecting share holders by surprise. Let the SP drop and then back to the drawing board. More story spinning and Credit raises to fund the next leg.

Like you said, where are they, why no more tweets.

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Finance may come prior to the feasibility study. This has been stated numerous times.

Management have mentioned that 6 investors have looked at the VR suite, with more to follow.
You cannot ask for more than that

MGT Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

2 Great analysis

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(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $19.44M

Open	High	Low	Value	Volume
18.0¢	19.0¢	18.0¢	$16.18K	85.20K

Buyers (Bids)

No.	Vol.	Price($)
2	45000	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	60357	3

View Market Depth

No.	Vol.	Price($)
2	45000	0.185
10	63321	0.180
6	98682	0.170
3	14400	0.165
1	8000	0.160

Price($)	Vol.	No.
0.190	60357	3
0.200	19530	2
0.220	3773	1
0.250	3120	1
0.000	0	0

Last trade - 16.10pm 17/09/2024 (20 minute delay)

MGT (ASX) Chart