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4.23%

37.0¢ magnetite mines limited.

Sounds like they plan to announce their full funding for the...

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Rjsmith99

75 Posts.

29

22/06/22

10:54

Post #: 62132025
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Originally posted by mburbs: ↑

Its probably good that the DFS isn't about to drop....no announcements atm will make any difference to SP. Even a DFS me thinks.

A few more large rate hikes to come in Oz and US over the next few months and then hopefully we will reach some sort off bottom and allow sentiment to reverse. This should all be flushed through by years end and a lot has already been priced in.

Very confident MGT have a lot of ducks lined up behind the scenes and various business delivery options depending on how crazy micro/macro continue to be by years end.

No doubt that Green Steel demand will be there, no doubt that we can find suitable finance for a resource of this size (with excellent ESG). Assuming a better financial/global market, wondering if IO price potentially the main do/die marker we need to be watching?

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Sounds like they plan to announce their full funding for the mine at the same time as DFS and decision to mine so I'd assume that would send the share price up

MGT Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 37.0¢		Change 0.015(4.23%)		Mkt cap ! $36.42M

Open	High	Low	Value	Volume
36.0¢	37.0¢	36.0¢	$65.87K	180.3K

Buyers (Bids)

No.	Vol.	Price($)
1	5000	35.5¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	14870	1

View Market Depth

No.	Vol.	Price($)
1	5000	0.355
1	4000	0.350
2	8400	0.345
2	20300	0.340
2	49774	0.335

Price($)	Vol.	No.
0.375	14870	1
0.380	29411	1
0.385	9940	2
0.390	28750	1
0.400	46581	4

Last trade - 15.44pm 13/05/2024 (20 minute delay)


Last 35.5¢			Change 0.015 ( 2.74 %)
Open	High		Low	Volume
36.0¢	37.0¢		35.5¢	33161
Last updated 15.50pm 13/05/2024 ?

MGT (ASX) Chart

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