MGT magnetite mines limited.

How to lose money for share holders. Have a share...

  1. 841 Posts.
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    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.
 
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(20min delay)
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
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MGT (ASX) Chart
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