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14.0%

27.0¢ magnetite mines limited.

MGT share price, page-186

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pizza8686

3,105 Posts.

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09/10/20

16:33

Post #: 47982998
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Originally posted by jovialmonk ↑

speaking of the share price, I think I need to re-evaluate my earlier statement, support at 1.2-1.3c is indeed building, but resistance of 1.5-1.6c is far too conservative. I think we will see interchanges between growth periods and accumulation over the coming months. The nextOre trial is definitely a catalyst for short-term growth, but as others have said, the federal budget news and iron ore price forecasts are also very positive drivers.

I think we will form a new base around 2c in the short term, without announcements, a re-rate that is pricing in that PFS is funded and that this stage of development has been derisked. I think that announcements and positive steps towards PFS will bring us up to 3-4c before the PFS results are officially released and may be driven by:

nextOre trial results

announcements informing shareholders of progress towards PFS

joint venture agreements for DFS/BFS

with this last point, I think it may involve negotiation with BMD for a better deal that better reflects our market cap and future prospects, and support from the market, and it may also involve offers from other companies. IMO DYOR

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Great finish today
MGT has all the hallmarks of breaking 2 cps next trading week
The Sqeeze is on
MGT Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last 27.0¢		Change -0.044(14.0%)		Mkt cap ! $26.57M

Open	High	Low	Value	Volume
31.0¢	31.0¢	27.0¢	$84.40K	295.3K

Buyers (Bids)

No.	Vol.	Price($)
2	1199	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	19396	1

View Market Depth

No.	Vol.	Price($)
2	1199	0.270
1	3500	0.265
2	12246	0.260
1	2600	0.255
4	50000	0.250

Price($)	Vol.	No.
0.275	19396	1
0.280	85595	1
0.295	200000	1
0.300	13248	3
0.310	5694	2

Last trade - 15.41pm 24/06/2024 (20 minute delay)

MGT (ASX) Chart