I'll save you the time & tell you straight up, No it's NOT "money well spent"
Share holders should demand Tim's salary be slashed 50% until binding agreements are made, mining licence approved & favourable FID is made and the share price hits $1.00.
This should be no problem for Tim, hes more than happy to live large off struggling shareholders who are watching the company disintegrate & arent privy to the information he currently is!
You can be assured, if Tim was to fund this out of his own personal finances, a NOT VIABLE DECISION would be announced tomorrow.
But, you know, when it's not your money, this changes everything, especially when your sucking $500k/yr directly into your personal bank account, all of a sudden it's a bloody great idea to build a pipeline and pump seawater hundreds of kilometres lol.
Aside from showing good ethics, if nothing else this would be a nod of confidence to shareholders.
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MGT
magnetite mines limited.
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8.6¢

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-19
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Last
8.6¢ |
Change
0.001(1.18%) |
Mkt cap ! $10.53M |
Open | High | Low | Value | Volume |
8.6¢ | 8.6¢ | 8.6¢ | $198 | 2.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15984 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 257719 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15984 | 0.086 |
1 | 10000 | 0.085 |
2 | 24833 | 0.082 |
1 | 123712 | 0.081 |
4 | 72340 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 257719 | 2 |
0.091 | 59558 | 1 |
0.092 | 100000 | 1 |
0.095 | 6779 | 1 |
0.098 | 21000 | 2 |
Last trade - 15.37pm 30/07/2025 (20 minute delay) ? |
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MGT (ASX) Chart |