MGU 7.14% 1.3¢ magnum mining and exploration limited

Collaboration in a green (steel) future the focus for Magnum and Saudi partners, page-6

  1. 4,439 Posts.
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    what's happening MR F?
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    Last week I posted why there may be some positivity, or, I mean not much negativity. Mr Neil didn't oblige us in keeping the cash. But what he has obliged us with rinse and repeat old announcements. He did that again this week. He has to show he is earning his salary. Not by doing new things, but at least by putting an announcement. who cares if its an old one? They have been doing these tests on Buena Vista for over 10 years. Every few months they repeat old announcements. Why? To show they are doing something, which in fact they are not. And to lure new guys. Nowadays people have become more clever. Mr Neil needs new tricks now. Is he capable? I don't think so, but I will not assume anything. If there is something, which I wrote last week. I am there. My gut feel, based on announcement this week. Mr Neil is trying to keep his job. nothing positive after nearly 3 years. It may not be obvious to holders, but is very evident. His salary is what he is concerned about. And take a stab at Malaysia, Saudi Arabia, etc. What does he have to lose? Many may think reputation, but what reputation? All the best.
 
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