I also don't think they are chasing an offtake. Offtake agreements generally sound good but usually aren't that positive for the explorer.
Management are likely going after a takeover or funding. If I had a cheeky 500 million, it would be a no brainer.
Even with IO prices at $110, you would pay off the debt in 5 years and make $140 million a year for 20 years.
I also don't think they are chasing an offtake. Offtake...
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Last
32.5¢ |
Change
-0.015(4.41%) |
Mkt cap ! $31.99M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $22.54K | 68.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 800 | 1 |
View Market Depth
| Last trade - 15.50pm 14/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
-0.015 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 33.5¢ | 34.0¢ | 32.5¢ | 23399 | ||
| Last updated 15.53pm 14/06/2024 ? | |||||
| MGT (ASX) Chart |