MGT 16.7% 31.5¢ magnetite mines limited.

I’ll answer this as best I can. I just woke up and I’m on...

  1. 771 Posts.
    lightbulb Created with Sketch. 239
    I’ll answer this as best I can. I just woke up and I’m on holidays.

    Elmore mines recently tried to raise $5M. I believe they failed hence the administrators.

    In the past months the area and site has been flooded. They had to cease operations.
    The rail has been damaged leading them to cancel a shipment that was expected to leave port yesterday.

    They were producing under 65% grade with an high level of impurities (this is key) and recently had to purchase a floatation plant from China, which was only being built.

 
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
0.045(16.7%)
Mkt cap ! $31.00M
Open High Low Value Volume
27.5¢ 31.5¢ 27.0¢ $149.6K 518.9K

Buyers (Bids)

No. Vol. Price($)
2 5000 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 33790 2
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
31.5¢
  Change
0.045 ( 18.9 %)
Open High Low Volume
27.5¢ 31.5¢ 27.5¢ 45119
Last updated 15.56pm 03/05/2024 ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.