MGT magnetite mines limited.

MGT - understanding where the money comes from, page-7

  1. 5,844 Posts.
    lightbulb Created with Sketch. 5900
    Hi @Lucky99, thanks for responding. I don't know enough about MGT's team to really comment on them specifically, but I'm glad you're confident in their abilities. There is one thing I would note - and to continue using one of my examples about - Jervois Mining's management team is made up of former Glencore and Xstrata high-rollers, so in terms of management calibre it's pretty outstanding. Plus their CEO is from a banking background, so should have connections galore in the financial markets. So, again, it all checks out on paper.... and yet their US$100m bond issue is still going at a rate of 12.5% annually, and requires a US$50m equity raise by the company to run alongside it.

    I say that just as food for thought, because however brilliant a management team is on paper and in practice, getting access to large amounts of finance is still very challenging for mining juniors. That, at least, is what I take away from the above points. Cheers
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
8.2¢
Change
-0.003(3.53%)
Mkt cap ! $9.949M
Open High Low Value Volume
8.1¢ 8.2¢ 8.0¢ $8.109K 99.57K

Buyers (Bids)

No. Vol. Price($)
5 31875 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.2¢ 57268 1
View Market Depth
Last trade - 15.35pm 08/07/2025 (20 minute delay) ?
MGT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.