MGT magnetite mines limited.

HIO still around double the low of 7.5 a month ago. Always get...

  1. 331 Posts.
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    HIO still around double the low of 7.5 a month ago. Always get people selling out on news. Mainly people upset about dilution because over excited punters thought they would be able to borrow 2 billion from the bank. Now they can't see there $4 share price that they thought was goi g to happen. Either way it is a positive step forward for a small cap trying to make it with the big guys. I have held a lot more shares in mgt then HIO because I liked the smaller startup cost. Less dilution. Also have a bigger resource which they can sell off for funding a mine once they prove it up. Many possibilities with this one. Anyway, the big positive is that HIO has shown there is a way forward for us small caps if we want to mine. Magnetite is growing more popular by the day so I would be happy for management to hold off on funding until they have more information and the market has evolved more. Getting in early can be good but can also hamstring you if you get the wrong deal.
 
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(20min delay)
Last
8.8¢
Change
0.002(2.33%)
Mkt cap ! $10.41M
Open High Low Value Volume
8.6¢ 8.8¢ 8.5¢ $3.717K 43.30K

Buyers (Bids)

No. Vol. Price($)
1 12784 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.8¢ 15167 2
View Market Depth
Last trade - 14.34pm 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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