MGU Shareholders,
Today’s AGM (May 30, 2025) was 30 minutes of pure drivel. No accountability for the board’s role in tanking our company—just more hot air about “nearly signed” off-take agreements. Luke’s sanctimonious talk of skipping their bloated salaries? Laughable.
The only reason they’re not cashing in is because MGU’s coffers are bone-dry. Mark my words: the second they raise capital—on our backs—they’ll be first in line for their $400,000 pay hikes (Resolution 7).
And “skin in the game”? Don’t insult us. Not one cent of their own money has bought a single share. Every share they hold was snatched from shareholders’ pockets. Meanwhile, we’re left with a 90% share price collapse ($0.04 to $0.008) and $411,000 in
2023 travel expenses for Neil and Athan and over a million to their own companies. (Notice, Page 3; Web ID: 17).
They have no money and no deals. The SP will stay here indefinitely if this board is allowed to continue.
7+ shareholders to start. No out-of-pocket costs—litigation funders cover it, taking 20-40% of any settlement (est. $750,000–$1.5M, Web ID: 8).
Join the Fight: Let’s hit the board where it hurts.
Ann: RESULTS OF NON-RENOUNCEABLE ENTITLEMENT OFFER, page-28
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $3.364M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.11K | 370.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 8731793 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1802000 | 6 |
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| Last trade - 13.32pm 17/06/2025 (20 minute delay) ? |
| MGU (ASX) Chart |