MGU 8.33% 1.1¢ magnum mining and exploration limited

2022 the year of MGU, page-83

  1. 69 Posts.
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    if i am being completely honest here is my take on the current MGU price.

    we are worth 4 cents at best. And i believe the market is beginning to notice we have nothing to show. I hate to be this honest but its time i speak my opinion.

    Please note that i do love MGU and have a very high avg of 14c. But i am not biased and am being completely honest.

    -Our DSO got cancelled and is no longer happening.
    -Iron ore has gone to $**t.
    -investors do not want to buy MGU. we are always very weak and will not break 10c for a long time.
    -T20 are selling
    -we have not had a meeting which we were promised after the DSO cancellation.
    -we are NOT MAKING ANY ANNOUNCEMENTS NOR KEEPING THE MARKET UP TO DATE. *HINT HINT DIRECTORS*
    -Whole market sell off
    -cessation of securities due to us not meeting targets
    -we are all talk and no show. we have not proven anything to the market.
    -we keep pushing back our agreement with ANGLO
    -we have no revenue

    I mean i love MGU and do believe it can do great things 3 years +, but for now we are over valued. and thats comming from a shareholder who purchased shares when the DSO was looking amazing.

    I am losing hope. and seeing stocks i sold go 200%+ to buy mgu which im down 50% on kills me everyday.

    Last week someone claimed we were due for a breakout. Everyone liked that post but ignored me when i said we wouldnt break out. I even made a post last week (moderated) claiming we would go sub 9c which has come to fruition.

    people do not like the truth. and the truth is this is not a company worth 10c +. i wish i noticed this when i first purchased shares.

    IMO if you are not willing to HOLD for YEARS then you may aswell sell now and move on to better stocks such as EFE and BRN.

    i am too down in $ to sell now like a fool. Just gotta hold tight and enjoy the ride.
    Last edited by TheRelaxingEnd: 24/01/22
 
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Last
1.1¢
Change
-0.001(8.33%)
Mkt cap ! $8.902M
Open High Low Value Volume
1.1¢ 1.1¢ 1.1¢ $4.467K 406.1K

Buyers (Bids)

No. Vol. Price($)
4 677678 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 260735 2
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Last trade - 10.30am 05/11/2024 (20 minute delay) ?
MGU (ASX) Chart
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