MGT magnetite mines limited.

At days end Green Steel/Magnetite will replace existing low...

  1. 2,857 Posts.
    lightbulb Created with Sketch. 1033
    At days end Green Steel/Magnetite will replace existing low grade, high energy refinitive ore. Hydrogen, Hydro/nuclear are means of energy supply governments around the world are busily looking to implement for such ventures. NOT for supply to cheap, high energy intensive ores as the low grade.

    It's happening now and will continue to build into the late 2020s. Market percentage by early 2030s will see the cheap stuff/grade uneconomical.

    Whether you believe the green hype or not, governments will make the green option happen. I sit in between as far as a concern or if its truly global warming etc. But my investment cap says place my bets on governments moving towards projects that support green initiatives...MGT is one mother of a Green project given its high grade and mammoth resource. SA gov does look like its aligned with Hydrogen which is a plus.
 
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
9.4¢
Change
0.004(4.44%)
Mkt cap ! $11.37M
Open High Low Value Volume
9.1¢ 9.4¢ 9.0¢ $27.07K 299.3K

Buyers (Bids)

No. Vol. Price($)
1 2537 9.1¢
 

Sellers (Offers)

Price($) Vol. No.
9.5¢ 248900 2
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.