MGU 0.00% 1.3¢ magnum mining and exploration limited

Ann: Funding Round for Green Pig Iron Project in Saudi Arabia, page-22

  1. 2,761 Posts.
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    • alright now the morning trading madness is over and i've grabbed a few more shares, here are my takeways
    • 210m USD to be raised as midmetal and MGU's half
    • Midmetal get certifcation for Saudi to fund the other 50% though the SIDF (i think i read that right)
    • MGU to raise 10m at 7.4c which is almost 4 times higher than todays price
    • funding to be concluded in Q4

    things I'm unclear on
    • it mentions investors in the CR, are we being offered the chance to invest or is that for insto's
    • we'll have 10m working capital to progress BV but hismelt needs BV operational so where are we getting the CAPEX for that
    • how many shares will be created in the garthering of the 210m USD
 
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