Ann: Dr Carmen Letton Appointed As Non-Executive Director, page-17

I still have a lot of skin in the game and do hope we end up with a board of directors that can produce the goods... How many of the current board will still be around if / when MGT goes mining?? I was excited when Sam Chee was appointed back in December 2021, had hoped he would have managed our financing needs.... where is Sam now?

Until we are selling iron ore on the open market MGT will survive on credit raises. Now with only 76 million SOI we will see many more shares created to keep the cash flow coming in. Consider by the time we are mining the SOI is likely to be around 1,000 million+.... At one stage I owned 0.127% of the company, the dilution coming is horrible for Long Term Holders...

I look at the basket case HIO has become and hope that MGT is not headed for the same thing. A DFS should be crossing the T's and dotting the I's of the PFS, making major changes at the DFS stage or the BFS stage (see HIO) can become hugely expensive to all share holders.
I believe the world needs high grade magnetite but with the world heading into a recession we could not choose a worse time to try and finance a mine. The option to "Slow Down" (see HIO) or "mothball" the project is a real alternative that would likely be considered by management. If a further slow down of the DFS takes place you can watch the current SP evaporate...

My thoughts only DYOR.