its not going to be a 50% or more dilution.
The point still stands that FMG MC in 2010 approx 12B and currently it's 68B. and in 2003 they had a MC similar to MGT. suffice to say that the MC growth will be exponential over the next coming years, provided they tick the boxes over the next 6 months. I really think come next AGM this project will be either be make or put to dust. If it ticks all the boxes then whether it hits $2.5 by may will be forgotten history.
Our story is one that is alot simpler than FMG at start up.
There is existing infrastructure to take us there. Management just need to hurry the F* up and get all the ducks in a row, if not there will likely be another GFC and all the projects like this will go to dust.
MGT share price, page-12908
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 25438 | 1 |
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| Last trade - 15.51pm 28/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |