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
- Forums
- ASX - By Stock
- MGT - understanding where the money comes from
MGT
magnetite mines limited.
Add to My Watchlist
2.53%
!
8.1¢

Hi @Lucky99, thanks for responding. I don't know enough about...
Featured News
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.
|
|||||
Last
8.1¢ |
Change
0.002(2.53%) |
Mkt cap ! $9.827M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 8.0¢ | $6.382K | 79.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 134404 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 105776 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 134404 | 0.080 |
2 | 21500 | 0.078 |
3 | 111935 | 0.077 |
1 | 39473 | 0.076 |
4 | 233612 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 105776 | 1 |
0.082 | 19295 | 1 |
0.085 | 14784 | 1 |
0.090 | 2000 | 1 |
0.095 | 51200 | 2 |
Last trade - 14.50pm 14/07/2025 (20 minute delay) ? |
Featured News
MGT (ASX) Chart |