MGT
Click for more information
5.56% 19.0¢ magnetite mines limited.

Posted this on Fortescue a while back on another threadThe book...

  1. SnowStorm
    551 Posts.
    lightbulb Created with Sketch. 304
    clock Created with Sketch.
    27/06/21
    16:57
    Post #: 54102123
    https://hotcopper.com.au/data/attachments/3305/3305124-f164b7f60d04dc78fce95d6016536ba2.jpgPosted this on Fortescue a while back on another thread

    The book goes on to say he paid $8m for his 47% stake in the company and 2 years later by Feb 2005 it was worth over $400m. He then sold around 3% of his shares for 13.5m which left him in cash profit of $5.5m

    I think we would struggle to find a deal done that well over such a short period.

    Good luck to all, let’s hope fortune shines its light our way on this one



    MGT Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch. 1  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Resource skyrockets 80% to 91Moz AgEq – exceptional grades and more drilling to come
right-arrow Created with Sketch.
NEWS Massive uranium hit at 1.5km strike – could this be the next big find?
right-arrow Created with Sketch.
LU7 Discover the world of North American lithium chemicals with the "Dream Team"
right-arrow Created with Sketch.
NEWS Secured: $3.1M U.S. government contract for high-tech systems – find out what's next
right-arrow Created with Sketch.
NEWS Vast rare earth discovery unveiled – step-out drilling confirms major resource potential
right-arrow Created with Sketch.
NEWS Bonanza grade gold zones discovered – major upside at Western Flanks revealed
right-arrow Created with Sketch.
watchlist Created with Sketch. Add MGT (ASX) to my watchlist
(20min delay)
Last
19.0¢ 		Change
0.010(5.56%) 		Mkt cap ! $19.44M
Open High Low Value Volume
19.0¢ 19.0¢ 19.0¢ $476 2.504K

Buyers (Bids)

No. Vol. Price($)
2 3388 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 13879 2
View Market Depth
Last trade - 14.38pm 11/09/2024 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.