MGT magnetite mines limited.

@bootlickin69420 - reply not working, so this is a response to...

  1. 480 Posts.
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    @bootlickin69420 - reply not working, so this is a response to your post about loans on the previous page.

    Just FYI, a loan isn't the only option.

    HIO could, at current SP levels (although it would be at a discount to that if it happened) raise their capex via a share issue and still have less SOI than MGT. That's assuming full take up, of course - it would be a monster capital raise.

    Or raise 2/3rds via CR and only have to borrow a portion of the capex.

    MGTs big problem is that getting some or all of the capex via CR at even double the current SP would essentially wash away the value of all current holdings unless the holders were allowed and coukd afford to fully participate.

    So HIO with lower SOI and higher SP just have more options right now essentially.

    Both may or may not get up, this is no judgment on either company.

 
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(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¢ 15167 2
View Market Depth
Last trade - 14.34pm 31/07/2025 (20 minute delay) ?
MGT (ASX) Chart
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