MGU 7.69% 1.4¢ magnum mining and exploration limited

Green Iron Nevada USA., page-4

  1. 243 Posts.
    lightbulb Created with Sketch. 127
    Exclusivity period was stated to run till 4th November so technically it probably includes today, and expires as of tomorrow, potentially meaning some update about it later today or tomorrow.

    But that said, I’m not sure what the disclosure requirements are, if any, with relation to exclusivity periods ending.
    In and of itself, it’s not a deadline to finalise a deal or otherwise, they can keep discussing possible agreements without an exclusivity period in place.

    Last time it got extended, the trading halt and announcement was likely required because it was a formal extension of the exclusivity period and mandate, which was market sensitive news.

    If they don’t extend it this time, we will all know it has ended based on the prior announcement, so they might not actually have to disclose anything at all, because there’d be nothing market sensitive requiring disclosure given the market is already informed.

    If that’s the case it’s probably still fair to expect though that management might drop us a progress update, which amongst other things they might want to update on (such as product samples being received/sent to customers, BFS progress etc) would also indicate whether or not talks with Anglo are continuing, outside the expired exclusivity period.
 
watchlist Created with Sketch. Add MGU (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.001(7.69%)
Mkt cap ! $11.33M
Open High Low Value Volume
1.4¢ 1.5¢ 1.4¢ $28.85K 2.053M

Buyers (Bids)

No. Vol. Price($)
1 450000 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 542751 4
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
MGU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.