Hey guys new to this stock only bought in today.
I was looking over MGT and it seems like they have a massive amount potential with a massive resource amount already defined.
I own another company called Freehill mining and it is very similar to MGT they also do iron ore plus the company specs are kinda the same, both with debt and both with large amount of shares outstanding fhs (1.5b) MGT (2.2b) plus both not making revenue.
I am just very surprised that MGT is still so low when it has the same iron concentrate as FHS except freehill has gone from 1c to a high of 9c since the start of the year.
MGT has 3.9b tonnes at 19.7% FHS has 18.4m tonnes at 15% so far, I guess what I am trying to say is MGT seems to have a massive upside potential and is way undervalued compared to other companies of the same liking.
I am just wondering if I am missing something about this company that is holding it back and at this low price?
MGT share price, page-62
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Last
29.5¢ |
Change
0.010(3.51%) |
Mkt cap ! $29.03M |
Open | High | Low | Value | Volume |
28.5¢ | 30.5¢ | 28.5¢ | $13.31K | 45.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1031 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1031 | 0.295 |
4 | 51388 | 0.290 |
3 | 29660 | 0.285 |
9 | 251015 | 0.280 |
1 | 1500 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 20000 | 1 |
0.305 | 42319 | 1 |
0.315 | 10300 | 1 |
0.330 | 6599 | 1 |
0.335 | 25000 | 1 |
Last trade - 13.22pm 23/07/2024 (20 minute delay) ? |
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