MGT magnetite mines limited.

This is ridiculous mate. I understand your point, but as if they...

  1. 46 Posts.
    lightbulb Created with Sketch. 63
    This is ridiculous mate.

    I understand your point, but as if they are going to be in a position to sell when they’d need majority shareholder support and the majority of shareholders would be in the red at the moment (and are assumedly holding this stock for the massive upside potential, which you’d lose in any kind of takeover). There’d need to be a HUGE premium paid if that were to happen, and no one is going to pay that kind of premium at this point in MGT’s lifecycle.

    If there is any price manipulation, I think the more logical answer would be a potential JV partner who wants to have as much leverage in negotiations as possible.

    But who knows.
 
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(20min delay)
Last
8.8¢
Change
0.002(2.33%)
Mkt cap ! $10.41M
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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