How to lose money for share holders. Have a share consolidation.
If you don't at the same time come out with news that raises the share
price it is always going to go down especially at a 50 to 1 consolidation.
Why would they do it? Doesn't look like a very good move does it?
From the thread having mostly positive comment it is now nearly all
negative but what has really changed. We are waiting on a DFS
study to be released are we not and I guess that won't happen until it
is completed. For me I would have liked them to continue with the original
plan of 2.5 MT PA. FEX are moving 2 MTPA using trucks.
Get it going using trucks to move the ore and have cash flow
then build on that. Our May options are probably going to expire worthless now with
the changes they have made. Do we now think the board changes that they made
and we were excited about are now bullshit? I thought they seemed very good.
Have the new members of the board just moved to MGT for the cash grab?
Are we a continuation of Razorback? Many of us believed the story. Have we all
been duped? These and other questions will be answered in time I guess.
One thing I will say is that if I had taken notice of the down rampers on several shares
I own I would be very much better off then I am now.
- Forums
- Charts
- what is going on?
MGT
magnetite mines limited.
Add to My Watchlist
4.44%
!
9.4¢

How to lose money for share holders. Have a share...
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
9.4¢ |
Change
0.004(4.44%) |
Mkt cap ! $11.37M |
Open | High | Low | Value | Volume |
9.1¢ | 9.4¢ | 9.0¢ | $27.07K | 299.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2537 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 248900 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2537 | 0.091 |
4 | 33860 | 0.090 |
1 | 50000 | 0.089 |
1 | 28410 | 0.088 |
2 | 13000 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 248900 | 2 |
0.100 | 291311 | 2 |
0.110 | 34618 | 4 |
0.115 | 44733 | 3 |
0.120 | 20763 | 2 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
Featured News
MGT (ASX) Chart |