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37.5¢ magnetite mines limited.

With AVL and TMT it makes sense as they shared the same ore...

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Gollada

1,492 Posts.

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20/05/24

11:07

Post #: 73910075
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Originally posted by MGT4eva: ↑

What would happen to this calculation though if we merged? You only have to look at TMT/AVL, Livent/Ampkell mergers to see that these sorta calculations wont work in those scenarios. I am pretty sure M&A is on the table now with the appointment of Azure Capital. I just hope it pans out for us shareholders. MGT was $1.20 when Tim joined - preconsolidation. A merger now would usually mean that we'd get offered current SP + 30% for our shares = 52 cents. I would be at -43% loss if that occurred. Thats my only concern.

Whats your take on a merger scenario bigjohn?

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With AVL and TMT it makes sense as they shared the same ore body. Which are you suggesting will MGT merge with?

MGT Price at posting: 38.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 37.5¢		Change 0.005(1.35%)		Mkt cap ! $36.91M

Open	High	Low	Value	Volume
37.5¢	37.5¢	37.0¢	$41.24K	111.4K

Buyers (Bids)

No.	Vol.	Price($)
2	21693	37.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	9812	2

View Market Depth

No.	Vol.	Price($)
2	21693	0.370
1	2500	0.365
1	15000	0.360
1	11267	0.355
1	20000	0.350

Price($)	Vol.	No.
0.375	9812	2
0.380	10667	3
0.390	2785	1
0.395	7590	1
0.400	38317	2

Last trade - 15.36pm 11/06/2024 (20 minute delay)


Last 37.0¢			Change 0.005 ( 0.00 %)
Open	High		Low	Volume
37.0¢	37.0¢		37.0¢	6400
Last updated 10.27am 11/06/2024 ?

MGT (ASX) Chart