MGU 30.0% 1.3¢ magnum mining and exploration limited

Ann: Metallurgical Tests Confirm High Grade Product, page-73

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 816 Posts.
    lightbulb Created with Sketch. 686
    how long is a piece of string?

    It’a hard to tell whether we are about to get offtake, financing from the Saudis and other partners for hismelt in KSA, some bio char, then progress more on the mine front.

    or

    we are just being dragged along by a bunch of grifters.

    very hard to tell as everything that is released or talked about is cryptic, like we are constantly trying to figure out what the writing in the pyramid walls are, or putting together all decimals in pie.

    all I know is, if they ever do get anything done, I’ll be heading for the exit, these guys are an actual joke, 2 years and they have actually produced nothing tangible other than some new drill holes.

    absolutely zero other than a couple of holes, then when questioned about it, they get defensive or somehow shame investors for having to try and piece it all together.

    tbh it’s either arrogance or incompetence.

    the future will tell us which one.

    if they actually pull off any of this mate, $100mc is a very reasonable place to start in terms of valuing the company, if the mine is locked in, or the hismelt which will include offtakes of its own and the bio char ect.

    the thing that I keep in mind is that these guys don’t own shares, only one or two do, and I personally own way more than they do. That alone is a red flag , because they have no incentive to produce anything, especially when they’re double dipping with their salaries and then advisory fees from their own companies.

    its actually something I wish was illegal on the ASX, but here I am along with everyone else, locked into a vague dream, purported by a bunch of grifters/businessmen. Again, guess we will have to wait and see.

 
watchlist Created with Sketch. Add MGU (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
0.003(30.0%)
Mkt cap ! $9.712M
Open High Low Value Volume
1.0¢ 1.6¢ 1.0¢ $132.3K 9.980M

Buyers (Bids)

No. Vol. Price($)
1 63889 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 53500 2
View Market Depth
Last trade - 15.55pm 18/11/2024 (20 minute delay) ?
MGU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.