MFE
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0.00% 1.0¢ magnetite mines limited

Ann: Change of Substantial Holding , page-3

  1. 1912
    3,703 Posts.
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    19/04/12
    11:01
    Post #: 10004077

    Management needs to find institutional buyers to take out Sin-Tang - cost $2.9m.

    Plenty of upside at current SP provided Sin-Tang overhang shadow doesn't remain.

    This quarter - expecting confirmation of increased reserves and update on pre feasibility study.

    Cash burn is a worry.
    MFE Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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