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2.78%

18.5¢ magnetite mines limited.

it wouldnt let me edit my post, I wanted to end by saying that I...

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jovialmonk

139 Posts.

221

17/09/20

12:13

Post #: 47415988
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Originally posted by jovialmonk: ↑

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

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it wouldnt let me edit my post, I wanted to end by saying that I think we might actually see 3-5c pre-PFS and once PFS is announced, see a steady increase to 7-10c. This is obviously just based on my feelings and its impossible to predict, but I feel like preparing for the conservative end of things definitely is a better way to go and then enjoy the rest of the ride

MGT Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.5¢		Change 0.005(2.78%)		Mkt cap ! $21.33M

Open	High	Low	Value	Volume
18.0¢	18.5¢	18.0¢	$29	160

Buyers (Bids)

No.	Vol.	Price($)
5	55236	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	31997	2

View Market Depth

No.	Vol.	Price($)
5	55236	0.180
5	101809	0.175
9	185351	0.170
2	11500	0.165
2	90000	0.160

Price($)	Vol.	No.
0.185	10000	1
0.190	44358	1
0.195	8310	3
0.200	132206	3
0.205	49999	1

Last trade - 15.36pm 09/10/2024 (20 minute delay)

MGT (ASX) Chart

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