MGT 0.00% 18.5¢ magnetite mines limited.

Ann: Quarterly Activities Report, page-18

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  1. 406 Posts.
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    Yesterday I put an email to Gemma regarding the solvency of the company.
    I received a prompt response today, all credit to her this is better than past.

    to summarise
    The continuing solvency is a concern to the directors.
    there will be a video update from tim this week.
    They are confident a partnering agreement will come soon from Japanese sources..
    They are seeking funding to support completion of DFS as well as long term JV and off take partners.
    A cap raise or debt may be a required option.

    In my opinion it is crunch time, make or break. over next 5 months.

    Good luck to all it will go one way or another in my opinion either 0 or $2.
 
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