MGT 5.56% 19.0¢ magnetite mines limited.

MGT share price, page-8142

  1. 247 Posts.
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    Well I’m out for a while today and will keep an eye on things. 1cent to 5cents is still a good safe profit so I’m happy and grateful for the ride but could have been so much more.
    Im interested in getting back in at some point based on some of the following risks getting cleared:
    1. 3 billion shares. Will they consolidate on say 1/3 or 1/6.
    2. Funding being clarified - it is a lot of money for the initial outlay. I get that once they’re up and running they can scale up with a leaner cost after having the foundations in place.
    3. The NPV number just doesn’t add up for me over the life of the mine. Hoping the DFS sorts this out more clearly.

    I hope for everyone’s sake it costs me a few bob to get back in but that will be my strategy for now. Best of luck.
 
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