They definitely want the ODs in the money and the only way to do that is to get the heads above 5 cents. They hold a shitload of ODs too and they will provide a massive cash injection. I can't see how they are going to get them in the money given the current SP, iron ore sentiment and where we are currently sitting (DFS and funding are a while off).
Lets see what they have up their sleeves but it needs to be impactful. A fluff announcement now will just lead to less confidence and further selling.
MGT share price, page-9483
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Last
39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $38.88M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.5¢ | 38.5¢ | $18.73K | 48.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 625 | 1 |
View Market Depth
| Last trade - 15.43pm 03/06/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.005 ( 1.28 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 38.5¢ | 19353 | ||
| Last updated 15.43pm 03/06/2024 ? | |||||
| MGT (ASX) Chart |