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1.1¢ magnum mining and exploration limited

not to be a debby downer but if we are at 9c at 150 a tonne then...

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DonEpifanio

49 Posts.

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20/08/21

15:19

Post #: 55449146
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Originally posted by Nahyeah: ↑

this is a concern I've always known iron ore to have 7 year swings. We are due for that crash to. I wouldn't be surprised to see $60-$80 a tonne. But in saying that, if the company is serious and there will be a market for green steel I wouldn't be surprised it will creep up. I think for the time being start topping up. I bought 500k shares at 17c I'm pretty much almost 50% down. I'm not to concerned at the moment. But I don't know what the company is planning or what the costs are as they haven't provided that. We will just have to wait and see. Green steel is a attractive prospect to investors, along with lithium ( AVZ ) or a uranium miner like ( AGE ) look at the history and these company's have had serious downturns but prevailed so I don't see why this company won't either. I wouldn't mind them also spending some money on some exploration to find another deposit or a different commodity.

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not to be a debby downer but if we are at 9c at 150 a tonne then 80 a tonne would make us sub 5c if this continues...

MGU Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $8.902M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$8.8K	800K

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No.	Vol.	Price($)
6	1091008	1.1¢

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Price($)	Vol.	No.
1.2¢	83210	1

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No.	Vol.	Price($)
6	1091008	0.011
11	1691778	0.010
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3	811111	0.007

Price($)	Vol.	No.
0.012	83210	1
0.013	151423	1
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not to be a debby downer but if we are at 9c at 150 a tonne then...

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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not to be a debby downer but if we are at 9c at 150 a tonne then...

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

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