MGT magnetite mines limited.

MGT is my biggest position as believe the fundamentals,...

  1. 83 Posts.
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    MGT is my biggest position as believe the fundamentals, location, ESG elements and even the company’s path to production strategy is bang on and all lining up perfectly. Am also totally comfortable with the required investment time horizon required in regards to DFS/financing/decision to mine.

    This capping/manipulation of shares didn’t worry me at first, but starting to get a little jumpy. I can certainly now see how this ‘great wall’ strategy can be successful in terms of getting people to cough up their shares.

    There have been some good explanations as to what is going on, however, wondering if anyone has been through this before with other shares, how it usually plays out, whether this is a good/bad sign etc

    I get the accumulation concept, however, realistically how many shares would someone be needing to buy before allowing to run up? This has been going on for a fair while so they must have accumulated their millions easily. Plus they seem to be happy to be working within a one pip range which hardly seems that ground breaking in terms of $$saved.

    Does anyone think there is something else at play that we should be concerned about moving forward?

    To be clear, this is a genuine ask and am definitely not a down ramper. Absolutely believe in this company, been in this pre PFS, rode the up, didn’t sell any (probably should have) and comfortable with time horizon. Just never seen this practice before and wondering if anyone has any further thoughts/insights.

    GLTAH!!
 
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(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
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