My own personal opinion of what could be next, based on as Neil stated “irons in the fire”
• finalising investment for Saudi pig iron • bio char agreements including funding and offtakes for Malaysia project
• possible news around another hismelt plant proposed development (my guess would Malaysia, it is the most viable place to have it considering its geographical location for many reasons, but mainly because Malaysia is a net exporter of steel and produces 16mt per year, so they’ll have a lot steel waste and an abundance of bio char available, as well as low labour rates and lower capex as well as a commitment to decarbonisation by companies in Malaysia) • Offtake agreement from Mitsubishi • Offtake agreement from Anglo American • Nasdaq listing update (cadmon advisory is now in charge of pursuing the listing) • A New Board appointment of a director
MGU Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
