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MGT

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1.41%

36.0¢ magnetite mines limited.

MGT share price, page-68

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Michael04

2,256 Posts.

173

27/09/20

10:06

Post #: 47656271
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Originally posted by BurningCash ↑

Hey guys new to this stock only bought in today.
I was looking over MGT and it seems like they have a massive amount potential with a massive resource amount already defined.
I own another company called Freehill mining and it is very similar to MGT they also do iron ore plus the company specs are kinda the same, both with debt and both with large amount of shares outstanding fhs (1.5b) MGT (2.2b) plus both not making revenue.
I am just very surprised that MGT is still so low when it has the same iron concentrate as FHS except freehill has gone from 1c to a high of 9c since the start of the year.
MGT has 3.9b tonnes at 19.7% FHS has 18.4m tonnes at 15% so far, I guess what I am trying to say is MGT seems to have a massive upside potential and is way undervalued compared to other companies of the same liking.
I am just wondering if I am missing something about this company that is holding it back and at this low price?

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Atrhe moment only thing I see in it, it's good for a day trade. It seems to move a bit each way.

MGT Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 36.0¢		Change 0.005(1.41%)		Mkt cap ! $35.43M

Open	High	Low	Value	Volume
35.5¢	36.0¢	35.5¢	$50.65K	142.4K

Buyers (Bids)

No.	Vol.	Price($)
3	63659	35.5¢

Sellers (Offers)

Price($)	Vol.	No.
36.0¢	5544	1

View Market Depth

No.	Vol.	Price($)
3	63659	0.355
1	20000	0.350
1	4250	0.340
2	24998	0.335
2	62257	0.330

Price($)	Vol.	No.
0.360	5544	1
0.365	16000	1
0.370	69870	2
0.375	2747	1
0.385	1804	1

Last trade - 10.35am 22/05/2024 (20 minute delay)


Last 35.5¢			Change 0.005 ( 2.01 %)
Open	High		Low	Volume
35.5¢	36.0¢		35.0¢	14128
Last updated 11.21am 22/05/2024 ?

MGT (ASX) Chart

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