I think these figures look good, and think these translate to
1.8c - 2.0c at 50m market cap
3.7c - 4.4c at 100m market cap
these ranges depend on the number of shares on issue, which depends how subscribed the CR is (upper value is estimate at 2261M shares, lower value is estimate is 2661M shares), and of course ignoring the effect of exercising of options during this time. I think these are very conservative estimates that we will likely exceed, but it is definitely more responsible to talk about the conservative expectations.
This is also just on paper, ignoring the markets opinion of future value and new announcements, and of course the actual reaction to the PFS, especially regarding the efficacy of the NextOre tech =)
IMO, DYOR
MGT Progress and Prospects, page-31
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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 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
Change
0.045 ( 18.9 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MGT (ASX) Chart |