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
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.40M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.5¢ | $3.653K | 9.679K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 413 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 110 | 1 |
View Market Depth
| Last trade - 13.14pm 05/06/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
0.000 ( 1.32 %) |
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| Open | High | Low | Volume | ||
| 37.5¢ | 37.5¢ | 37.5¢ | 80 | ||
| Last updated 13.14pm 05/06/2024 ? | |||||
| MGT (ASX) Chart |