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11.1%

35.0¢ magnetite mines limited.

interesting perspective.thanks for sharing.

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MrStrengths

2,893 Posts.

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28/06/22

00:01

Post #: 62237930
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Originally posted by PetrStiff: ↑

Nothing wrong with mgt it's just magnetite which is the problem.
Magnetite projects have poor startup economics and will get fu**ed in the orphan period and capital raising.
In the case of mgt the poor startup economics (IRR and NVP) obscures the monster deposit and century long life of mine.
Magnetite development has not been derisked here in Aussie land. There have been too many cost blow outs.
I might buy back in when mcap is below 50mil however.
MGT is destined to be bought out by rtio or fmg at a cyclical low when all retail have abandoned the stock in disgust imo. This will happen after the dfs and no sight of funding. Anyway thats the way I view it.
Hope it all works out for shareholders.
I love the project btw. But the risk to reward profile doesnt stack to me as an investment. At least not at current mcap.

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interesting perspective.

thanks for sharing.

MGT Price at posting: 2.1¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 35.0¢		Change 0.035(11.1%)		Mkt cap ! $31.00M

Open	High	Low	Value	Volume
32.0¢	35.0¢	32.0¢	$44.24K	134.1K

Buyers (Bids)

No.	Vol.	Price($)
1	133	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	26236	2

View Market Depth

No.	Vol.	Price($)
1	138	0.360
1	9212	0.350
1	1600	0.320
2	3250	0.315
1	3225	0.310

Price($)	Vol.	No.
0.400	27836	3
0.000	0	0
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 10.08am 06/05/2024 (20 minute delay)


Last 38.0¢			Change 0.035 ( 21.2 %)
Open	High		Low	Volume
32.0¢	38.0¢		32.0¢	7605
Last updated 10.34am 06/05/2024 ?

MGT (ASX) Chart