MGT share price, page-12818

It all depends on how much, who’s buying in, the price the raise happens at and what it’s being used for. There’s always dilution when more shares are issued, that’s a given.

A large raise after consolidation can especially hurt though. A CR after some solid announcements and progress with the project would be a good thing. Management have a lot of work to do post DFS, it’s not as simple as we get a good result end of year and everything‘s good to go. There’s going to be increased costs and plenty of hirings if things start to look like they’re going ahead.

Going from explorer to producer is a massive undertaking and it’ll take a lot of money to make happen. Until we secure signed offtakes management will need coin in the bank, which comes with further dilution for shareholders.