MGT

2.00%

24.5¢ magnetite mines limited.

Well said mate, thanks for the update

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Crabby33

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08/05/24

18:49

Post #: 73732383
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Originally posted by BigJohn1: ↑

I received a call from mgt pre consolidation and voting as they wanted to gauge which way we would vote, ultimately investors became diluted by a 50:1 consolidation were your million shares turned in 20,000 shares. One of the directors Peter, also mentioned that institutional investors needed the share price to be $1dollar in order for them to sink money into mgt, this is how it got over the line. I was against consolidation at first but voted yes as it was in the best interest of everyone, fast forward today day and we are at 0.006 or 0.300 post consolidations, this put many investors in the red and at one stage I was 92% down. Yes I was buying right up to the PFS and been buying al the way down till yesterday. I also started a new thread months later WHERE ARE THE INSTITUTIONAL INVESTORS ? out of out of frustration, This brings me to today, Gemma has said via phone that partnering will happen within weeks not months, and this was a week and half ago, so something needs to happen very soon.
I still believe in the future of this massive resource and have put a massive amount of money into this company now, so when a non holder with a sell sentiment who goes back to Royal resources days with negative input and nothing positive to say keeps wasting their time here, I will defend my investment so to speak. i will call Gemma again by end of month if nothing is announced. There are many like myself in the same situation and like I told Gemma on my last call, we all want to see a return on our investment now from 3 years ago.

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Well said mate, thanks for the update

MGT Price at posting: 33.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 24.5¢		Change -0.005(2.00%)		Mkt cap ! $25.07M

Open	High	Low	Value	Volume
25.5¢	25.5¢	24.5¢	$29.38K	117.9K

Buyers (Bids)

No.	Vol.	Price($)
3	36620	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	33897	2

View Market Depth

No.	Vol.	Price($)
3	36620	0.240
2	3863	0.235
1	3500	0.230
4	98686	0.220
1	2000	0.210

Price($)	Vol.	No.
0.250	33897	2
0.255	21162	1
0.270	2045	1
0.280	30319	2
0.285	107062	2

Last trade - 16.10pm 23/08/2024 (20 minute delay)

MGT (ASX) Chart

Well said mate, thanks for the update

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Well said mate, thanks for the update

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