MGT Discussion 2023

[Bruey]

Nice. I bought a small chunk at .007 just to get it. If they are anything like the options last year they will rocket up as we approach DFS

Nice work , see while I was waiting to be smart and catch a dip you hovered up the offer at .007, and now they are trading at 1.7c. So often we see people tying to buy one Pip cheaper and miss out ( this time it was me )

 

[Irongrilled]

Nice work , see while I was waiting to be smart and catch a dip you hovered up the offer at .007, and now they are trading at 1.7c. So often we see people tying to buy one Pip cheaper and miss out ( this time it was me )

Haha made that mistake a few times and missed the boat. May not be the smartest idea but these days I just jump in

 

[maplesyrup]

from the IO conference I watched mark believes that Indian market is going to be the next big thing

 

[BoogieB]

Hi all,
I have moved over from hot crapper.

I would love to hear peoples thoughts on the below. I’m the OP.


One thing I haven’t see discussed so far.

This raise has the shares selling for $.025, raising a total of $15.8m.
Management have also put their money wheif re there mouth is and partially underwritten the raise. They also plan to partake in the raise.

If the $15.8 million is raised, that means that there will then be half the amount of these shares created in Options. These options expire in 1 year.
To get these options exercised, MGT needs to be above 5c.
If it is, management have locked in another $15m give or take to contribute towards further funding. This will mean that from here on in, it is very unlikely that we will need a CR in the next year, and they will have a healthy amount for expenditure going forward,

This raise is pivotal for cementing the future of this company beyond this raise, and it also allows any current holder to be less diluted than if it was raised independently.

 

[maplesyrup]

Hi all,
I have moved over from hot crapper.

I would love to hear peoples thoughts on the below. I’m the OP.


One thing I haven’t see discussed so far.

This raise has the shares selling for $.025, raising a total of $15.8m.
Management have also put their money wheif re there mouth is and partially underwritten the raise. They also plan to partake in the raise.

If the $15.8 million is raised, that means that there will then be half the amount of these shares created in Options. These options expire in 1 year.
To get these options exercised, MGT needs to be above 5c.
If it is, management have locked in another $15m give or take to contribute towards further funding. This will mean that from here on in, it is very unlikely that we will need a CR in the next year, and they will have a healthy amount for expenditure going forward,

This raise is pivotal for cementing the future of this company beyond this raise, and it also allows any current holder to be less diluted than if it was raised independently.

Welcome boogie, welcome to the dark side

 

[Irongrilled]

Welcome Boogie! You'll find you have to deal with much less crap here. Saw this post on the other thread. Did not even think about it and glad ypu have raised it. Such a good point which I'm sure was part of managements intention. We just need some decent news/announcements and some publicity to get this thing rolling again. Been stagnant for a while now.

 

[BoogieB]

Thank you.

I agree. I think the expansion announcement was intended to help sentiment, but unfortunately at the moment we are bogged down.

I personally believe we will get to mining, and I cannot wait for the day when our first shipment is released from the dock.

 

[Irongrilled]

Bogged down is an understatement. HiO definitely kicking our ass in terms of marketing and getting the word out there. Considering MGT resource is nearly 5 times the size you would think they would be trying to at least market that

 

[maplesyrup]

Bogged down is an understatement. HiO definitely kicking our ass in terms of marketing and getting the word out there. Considering MGT resource is nearly 5 times the size you would think they would be trying to at least market that

Agreed mate, we have been way to conservative and it's really hurting us...

 

[maplesyrup]

this is only adds to our value.. a real green hub

 

[maplesyrup]

weave you magic Markey boy in London town haha,

 

[Irongrilled]

Hopefully we get some bites

 

[maplesyrup]

Hopefully we get some bites

If he presents like he did a few weeks ago at the IO conference he sure will

 

[Irongrilled]

Just need this rights issue to be done and shares issued then get some positive sentiment back

 

[maplesyrup]

Redirecting

 

[Irongrilled]

One 3 million tonne offtake would fund 50% of the project

 

[maplesyrup]

One 3 million tonne offtake would fund 50% of the project

Haha that just clicked with me .. That makes sense with the management saying the initial payback would be 2 years..

 

[Townyj]

Haha that just clicked with me .. That makes sense with the management saying the initial payback would be 2 years..

It is ridiculously cheap for the long run.. once the 7mtpa comes online down the road. Profits would be flowing like crazy. 500million US is chump change to get it up n running. Imagine in 15years. 1 billion+ revenue a year. Not sure on profits but it would be pretty epic. Holding onnnn.

 

[maplesyrup]

It is ridiculously cheap for the long run.. once the 7mtpa comes online down the road. Profits would be flowing like crazy. 500million US is chump change to get it up n running. Imagine in 15years. 1 billion+ revenue a year. Not sure on profits but it would be pretty epic. Holding onnnn.

that's it - slow and steady to replicate CIA

 

[maplesyrup]

found this interesting