MGT magnetite mines limited.
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Ann: Renounceable Rights Issue Prospectus, page-2

  1. GoldStar112
    1,041 Posts.
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    19/04/22
    20:40
    Post #: 60921854
    Wow according to this the company needs another $7.8 MILLION to complete the DFS

    I thought it was FULLY FUNDED.

    How does the company still need $7.8m to complete a DFS that was supposedly FULLY FUNDED

    Where have the funds been spent? i know they torched some money on Next Ore which they won't get back & efforts have gone ahead with expansion studies etc, but did they really need to stack the board with a rugby league CEO

    Fascinating this got no discussion today from the pump squad....
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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