MGT magnetite mines limited.

I'm not going to tell you to hang on, buddy. If you don't know...

  1. 3,211 Posts.
    lightbulb Created with Sketch. 1502
    I'm not going to tell you to hang on, buddy.
    If you don't know why you're here or why you should hold, that's your job to figure out, I think.

    I bought a very large investment at 4.1c the other day, because I wouldn't have been able to secure that quantity with the liquidity that has been for sale under that price. It was the only way I was getting in, at that point.

    With what we've got lined up the next 12 months, I'm just glad I got in at the market cap I did.

    Between the figures Marty and I ran recently, our NPV will be upwards of 1 billion - for even just the small operation that they've utilised in the PFS.

    stocks will often run upwards of *at least* 60% of the NPV, post-DFS, and re offtake and finance secured.
    Our market cap is currently sitting at $110m.

    it's a cheap stock with excellent management. They're doing their job well, and they're lined up.

    but I can appreciate some find waiting the hardest part re the market. And that's a shame, I think.

    if finding the stock is part A, the waiting is part B.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.6¢
Change
0.001(1.18%)
Mkt cap ! $10.53M
Open High Low Value Volume
8.6¢ 8.6¢ 8.6¢ $198 2.3K

Buyers (Bids)

No. Vol. Price($)
1 15984 8.6¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 257719 2
View Market Depth
Last trade - 15.37pm 30/07/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.