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18.5¢ magnetite mines limited.

Thanks mate, appreciate you taking the time to share your...

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Crabby33

823 Posts.

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22/06/23

20:22

Post #: 68425983
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Originally posted by KiiDaka: ↑

exposure in Europe gets us exposure to potential partners, finance or JV.
The project is de risked probably as far as it ever will, it won't progress any further now without partnership or similar financing. Unfortunately they can't do that until everything is up to DFS level, which is close but not quite.

The SP will continue to decline until rumours of DFS, unfortunately the DFS seems to be over a year later than everyone was expecting, lets hope it ain't a buck short.

There will be 30 - 50% increase when DFS comes and then it will quickly go back to decline until partnering comes.

DFS will likely come shortly before a cap raise.

I don't see partnering agreements coming till the new year. I've sold 80% of my holding and waiting for the trend line to indicate reversal.

This is all just my opinion, words between friends.
Not financial advice
DYOR, GLTAH

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Thanks mate, appreciate you taking the time to share your thoughts!! just super frustrating with the current state of play

MGT Price at posting: 40.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 18.5¢		Change 0.000(0.00%)		Mkt cap ! $21.33M

Open	High	Low	Value	Volume
18.5¢	18.5¢	17.5¢	$7.63K	42.07K

Buyers (Bids)

No.	Vol.	Price($)
4	142153	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	21075	2

View Market Depth

No.	Vol.	Price($)
4	142153	0.175
8	161822	0.170
2	11200	0.165
1	50000	0.160
1	10000	0.155

Price($)	Vol.	No.
0.185	21075	2
0.190	44358	1
0.195	8310	3
0.200	132206	3
0.205	49999	1

Last trade - 12.10pm 07/10/2024 (20 minute delay)

MGT (ASX) Chart