MGT 1.56% 16.3¢ magnetite mines limited.

Ann: Agreement signed with JFE Shoji to fund DFS, page-9

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  1. 1,925 Posts.
    lightbulb Created with Sketch. 487
    So 6 months to execute agreement and then finance DFS completion.

    Well it’s essentially good news nothing binding and I guess it will help with the latest cap raise.

    I am probably a little synical of announcements like this during cap raise.

    Why not prior to raise announcement?

    Are they struggling to get holders to take up shares?

    I would still like a timeline based around this all actually happening, assuming nothing will progress in the next six months.

    How long to complete DFS once funding is secured.

    How much is the funding ? Surely they know what the DFS will cost to complete.

    Management doesn’t get my unquestioned loyalty anymore I hope more than I trust.
 
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