MGU magnum mining and exploration limited

Board removal

  1. 4,106 Posts.
    lightbulb Created with Sketch. 1996
    I think it is time the the current board should be removed .
    They have delivered nothing since taking over in May 2022 , and in fact they have eroded shareholder value and bled the company dry whilst achieveing nothing , some examples below .

    2 years ago we see announcements about DSO potential and yet nothing has happened since , where are the offtakes , what happended to Anglo and Mitsubishi ?? have we been misled ? i think we have .
    DSO sampling at Buena Vista uncovers new potential
    28/04/23 08:17 .

    Successful Road Trip Fires Up Interest in Iron Projects
    10/07/23 14:42
    Another fluff annoncement , nothing came of it , Lekkas and Goodman flew to the staes , and returned with nothing , how much did thid trip cost shareholders , whay wasnt a deal signed ? have we been misled ??

    Anglo Pursues Buena Vista DRI Concentrates
    08/09/23 09:31
    What happened to this with Anglo ? the board have never updated us on this deal with Anglo , has it fallen through ? why havent we heard anythng since ?

    Appointment of Advisor for Malaysian Biochar
    29/11/23 08:13
    What has happened to the advisor for Maylasian Biochar ? how much did this cost ? where are cadmon now ? wound up by the ATO , what was the relationship between cadmon and members of our board ? is there a link ? i believe there is and its a conflict of interest !

    Funding Round for Green Pig Iron Project in Saudi Arabia
    13/05/24 09:15
    Another falied attempt at raising cash , what happneed here ? why couldnt they raise the $10 million ? more failures .

    BIOCHAR & GREEN PIG IRON JV AGREEMENT SIGNED IN MALAYSIA
    30/08/24 08:06

    Another fluff announcement ? what happened to this JV ? has there been any progress since this ann ??

    LOCAL ORE SUPPLY STRATEGY IN RESPONSE TO U.S. TARIFFS
    13/02/25 08:21
    What has happend to this strategy ? werent they allready in talks with Mitsu and Anglo a few years ago ?

    AGREEMENT FOR GREEN INDUSTRY SYNERGY WITH WICKERS GROUP
    11/03/25 08:20
    Wil anything come of this ? will it be like the deal with Renex ??

    Above are just a handfull of examples of the incompetence of this board , they have achieved nothing !!!
    And i firmly believe we have been misled on BV for a start , i dont think its even viable , never has been and never will due to to transport costs , yet the board have never admitted this .
    What happened to the Saudi deal ? not a peep on it lately , and now the pivot to Rare Earths ?
    3 years of fluff announcements , diluted to oblivion and bleeding cash , i believe we have a good case for a class action .Once again above are only a few examples of fluff announcements by these guys , its just a merry go round , pivot from one thing to the next .
    its time us shareholders took a stand and held these guys to acount !!!

    Last edited by equerry: Removed email address 30/07/25
 
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