MGT 2.63% 19.5¢ magnetite mines limited.

mmmm well the share price isnt that much higher since August...

  1. 544 Posts.
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    mmmm well the share price isnt that much higher since August 2020 when it $120 per tonne now its at $171 (40% increase)

    I think enterprise value and resource value alignment with the commodity price isnt playing to effect with this equity due to pending announcements such as the feasibility statement not here yet.

    I am possibly thinking of a retrace downwards toward $0.01 to $0.012 is on the cards until there is a substantial long term "proven" announcement instilling long term enterprise value released to the market.

    good time to accumulate "if" it goes down any further.

    On another note, talking about this stock going to $0.02 etc seems silly to me, if you are understanding the upside and company vision here you will be holding for the next 3.5-4.5 years until they are producing before selling.
 
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Last
19.5¢
Change
0.005(2.63%)
Mkt cap ! $19.95M
Open High Low Value Volume
19.0¢ 19.5¢ 18.5¢ $16.06K 84.78K

Buyers (Bids)

No. Vol. Price($)
2 37126 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 50000 1
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Last trade - 15.33pm 18/09/2024 (20 minute delay) ?
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