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1.6¢ magnum mining and exploration limited

Ann: Funding Round for Green Pig Iron Project in Saudi Arabia, page-42

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MrFaargs

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13/05/24

11:33

Post #: 73794237
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Originally posted by RMInvest: ↑

The raising for MGU is really a side show to the main game - it’s essentially a raising for Midmetal, somewhat akin to an IPO for that entity, investors would be backing a company planned to be 50% funded by Saudi gov and partly owned by MGU, they won’t be backing MGU…but at the same time, they’ll get some shares in MGU too, but MGU’s market cap really means little here and they’d be seen as bonus shares really.. as indicated by the raise price..no investor would pay that price for MGU on its own, but hey if you help fund this Saudi plant you’ll get a few MGU too.

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thats a very good way of looking at it, hopefully we get a preso and some financials for the HIsmelt plant to see what we could be looking at in terms of revenue as i imagine those are the kinds of details that investors in this raise will want to see

MGU Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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Last 1.6¢		Change 0.002(14.3%)		Mkt cap ! $12.94M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
1	35714	1.4¢

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Price($)	Vol.	No.
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13	1659042	0.013
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0.017	409745	4
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