MGT magnetite mines limited.

My perception is that they are either happy to buy at or around...

  1. 396 Posts.
    lightbulb Created with Sketch. 313
    My perception is that they are either happy to buy at or around the 3.5-4c mark because if you look, the big sell orders start around the 4c mark to above 4.5-6c so they don’t want it any higher. Below the 4c mark it’s only 1-2M shares per price point, which is nothing. On a good day we have gone through 120-150M shares, all that’ll take is one or two good announcements. Possibly they don’t think they can push it any lower or are buying on the way down!

    While the stock market would take a hit if war broke out, there were super cycles for iron ore after WW1 & WW2 because the world had to rebuild.

    I would however much rather a super cycle for the world going green & think that any conflict should be avoided at ALL costs. It will destroy millions of lives & the weapons have far greater destructive capabilities then last time, including the potential to obliterate the entire planet.



 
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
8.8¢
Change
0.002(2.33%)
Mkt cap ! $10.78M
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¢ 1299 1
View Market Depth
Last trade - 14.34pm 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.