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2.53%

38.5¢ magnetite mines limited.

MGT share price, page-225

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Teddybear123

3,130 Posts.

361

12/10/20

13:39

Post #: 48026657
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Originally posted by BullishTrends: ↑

please do elaborate, surely a poor attempt at creating confusion is not the extent to your analysis.

If you would like to discuss MC and SOI, let's take a look at FMG, a company in which utilises a similar approach to mining that we are adopting.

FMG as of close Friday had a MC of approx 52.2bil with approx 3.08bil SOI, equalling a share price of $16.95c

Now we have MGT with a MC of approx 40mil with approx 2.8bil SOI, equalling a share price of 0.014c

Now obviously FMG creates billions of dollars and we are a start up in the making...... But it gives an indication as to what this business model can achieve.

Now considering the future SP speculated on these threads of 5-10c range, which would equate to a 140mil-280mil market cap at these current SOI (which is not that much considering fundamentals IMO).

Combined with clearly accelerated timeline towards production and funded for all current stages as well as initial undertakings of future stages of said timeline.....so no need for any immediate future dilution.

Im not sure what the problem is here?? But please feel free to grace us; with some more of your opinions. :S

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Well said mate don't worry about him he has an agenda which is obvious.

MGT Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 38.5¢		Change -0.010(2.53%)		Mkt cap ! $37.89M

Open	High	Low	Value	Volume
38.5¢	41.0¢	38.5¢	$71.63K	181.9K

Buyers (Bids)

No.	Vol.	Price($)
1	18701	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	63571	2

View Market Depth

No.	Vol.	Price($)
1	18701	0.385
2	91098	0.380
1	2285	0.370
2	3256	0.365
2	16569	0.360

Price($)	Vol.	No.
0.400	63571	2
0.410	101918	4
0.415	40000	2
0.425	2750	1
0.430	5000	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 38.5¢			Change -0.010 ( 1.28 %)
Open	High		Low	Volume
40.0¢	40.5¢		38.5¢	22684
Last updated 15.42pm 16/05/2024 ?

MGT (ASX) Chart