Australia's largest stock trading and investment forum Australia's #1 stock forum

MGT

Click for more information

2.60%

39.5¢ magnetite mines limited.

MGT share price, page-225

First 225 Last

Share
Profile

Follow
Teddybear123

3,130 Posts.

361

12/10/20

13:39

Post #: 48026657
Share

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

Expand

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

Reply

There are more pages in this discussion • 13,689 more messages in this thread...

First 225 Last

Add MGT (ASX) to my watchlist

(20min delay)
Last 39.5¢		Change 0.010(2.60%)		Mkt cap ! $39.86M

Open	High	Low	Value	Volume
38.5¢	40.5¢	38.5¢	$28.87K	72.74K

Buyers (Bids)

No.	Vol.	Price($)
1	245	39.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.5¢	49	1

View Market Depth

No.	Vol.	Price($)
1	245	0.395
1	1368	0.390
2	31376	0.380
3	66882	0.370
3	20000	0.360

Price($)	Vol.	No.
0.405	49	1
0.410	42250	4
0.415	40000	2
0.420	670	1
0.430	33333	1

Last trade - 15.34pm 30/05/2024 (20 minute delay)


Last 40.0¢			Change 0.010 ( 2.56 %)
Open	High		Low	Volume
38.5¢	40.5¢		38.5¢	18625
Last updated 15.43pm 30/05/2024 ?

MGT (ASX) Chart

SPONSORED BY