Ann: MGU Green Iron production strategy for development & growth, page-30

The iron ore spot price has played a big role in the SP crash but the poor communication by management has not helped this situation at all.

Putting out an announcement today that left us with more questions then answers.

A trading Halt labelled "Off take agreement" only to find we had to wait another 3 months. Previously told it would be finalized in July??

We need Answers, Solid project time lines, And some Milestones hit (actually signing the offtake agreement) to give reassurance to investors.

I still rate the company and what they are trying to build, but its pretty painful sitting through 1 Month of red.

Also if your going to put out an announcement at least put the correct date at the bottom. Announcement was drafted for the 13/08, would have loved to have had that information when the share price was still at 13C.