MGU 0.00% 1.4¢ magnum mining and exploration limited

Ann: Positive Scoping Study Validates Buena Vista Iron Project, page-45

  1. 37 Posts.
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    It is all fine to talk about this news is already known etc. However the company is down 50% of the back of this on big volume coming through, maybe it is a buying opportunity however it will take some very fine work soon by the team to mitigate this damage. I think it was a very cavalier study put out, the only outcome of which was a huge drop. It seems insane to talk about such massive costs for the project compared to market cap, without a clear plan on how to finance it. Any cap raising for this seems like a waste of time as existing equity will be completely whipped out
 
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