MGU 0.00% 1.3¢ magnum mining and exploration limited

Ann: Anglo American Agreement, page-71

  1. 221 Posts.
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    Don when you buy a company shares your becoming the part owner and the company you have bought is a good one as it's based in US and gone start off take soon . this sort of ups and downs are common in the market as sometimes market thinks okay iron ore price is down so it brings the share price down . But the most impt thing to understand is that the asset is still held by MGU and they will be starting off take .

    Also China has placed curbs in steel production but that does not mean world does not need steel , so slowly you will see iron prices going up .

    Your shares will eventually go up in value and reach conservative 1-1.5 in next 2yrs so don't worry about the day to day trends as once this gets listed in US there will be more traction .

    probably next week it will touch .14-.15 back again
 
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