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The latest announcement is out from Magnetite Mines Limited ( (AU:MGT) ).
Magnetite Mines reported that 167,940 MGTAC options exercisable at $0.78 and due to expire in 2029 have lapsed after the performance conditions became incapable of satisfaction on February 1, 2026. The cessation modestly trims potential future dilution and underscores the company’s strict adherence to performance hurdles before equity issuance, signalling disciplined capital management for shareholders.
The most recent analyst rating on (AU:MGT) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Magnetite Mines Limited stock, see the AU:MGT Stock Forecast page.
More about Magnetite Mines Limited
Magnetite Mines is an Australian iron ore developer focused on advancing magnetite projects for steelmaking markets.
Average Trading Volume: 316,821
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.98M
For an in-depth examination of MGT stock, go to TipRanks’ Overview page.