MGT 2.63% 18.5¢ magnetite mines limited.

MGT share price, page-9974

  1. 2,694 Posts.
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    @Irongrilled
    Announcement is great shows alot of progress since PFS completion, with water and Infill drilling underway, the transmission line going in, as well as the MD tenement(s) data now in our hands, plus the overall refinement of our approach and goals, seems everything is on track at full steam...

    As for the vote it passed with majority so I don't see a problem there... 25% of the votes were from disgruntled share holders and considering the the retracement in SP it could be perceived as justified, but IMO the world of IO is not controlled by our managment team... as much as we would like it to be the case. Plus I don't see Mark or Peter or their leadership in our company as the cause of SP retracement, they have done everything they said they would do thus far, if not exceeded expectations.

    As for @1912 comments on salarys/options... this is more an ongoing concern for that particular poster than it is in regards to voting % (feel free to check their MGT posts for the last 18 months) IMO I don't see this as a cause for concern as long as we get to producer on the timeframe managment have set, then pay them what they want... they have helped me make money, why shouldn't they make money... They are meeting the milestones and as long as they continue to do so, I'm happy with them running the ship.

    Kind regards
    Always IMO DYOR GLTASH
    Last edited by BullishTrends: 29/11/21
 
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