MGU 30.0% 1.3¢ magnum mining and exploration limited

[INTERVIEW] Magnum positioned to accelerate Buena Vista through successful capital raise, page-54

  1. 101 Posts.
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    "theres quite a few pissed off holders on here especially after the recent raise where we again have board members getting a nice slice of the pie"

    I'm not 100% convinced of that. I believe one person was upset and everyone else just jumped on the bandwagon, for fomo. It's a classic HC stunt that has been played for years. If someone is upset, then they don't fully understand the Mining process, or what a CR is intended for. As at today (Mon 18th), no actual details have been released apart from an outline, which I am more than happy with.

    The Half Yearly Report and Accounts will give a better explanation of the CR in the Notes, however don't forget the Quarterly Activities Report, that is due soon. Also remember, that Magnum retained a top US Attorney, his fees aren't cheap, especially when an upfront is required or a prepayment for a new listing, to proceed to the NASDAQ.

    Let the process play out, Neil has the ball firmly in hand.
 
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