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1.7¢ magnum mining and exploration limited

Ann: Buena Vista Project Update, page-81

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Abhi_perth83

549 Posts.

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12/02/24

14:19

Post #: 72361234
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Originally posted by Bigmoney66: ↑

Its a waiting game at the moment.

They are talking to four potential offtakers, currently going back and fourth while they undertake due diligence on Magnum. They expect offers soon, but realistically have no idea.

Securing an offtaker, will mean they can progress to funding talks. Once funding is secured they expect 18 months to be producing Iron ore concentrate.

For me, at this point its set and forget. There's no way im selling at this price, and everything seems to be in the hands of the potential off takers (Anglo and Mitsubishi).

Potential is certainly there but the timeline is completely unknown

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looks like traders bailing out! must have hoped for funding announcement

MGU Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $13.75M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$3.416K	200.9K

Buyers (Bids)

No.	Vol.	Price($)
5	928288	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	388657	3

View Market Depth

No.	Vol.	Price($)
5	928288	0.017
5	686727	0.016
5	1412732	0.015
6	734142	0.014
4	1157465	0.013

Price($)	Vol.	No.
0.018	388657	3
0.019	1136914	5
0.020	1044731	7
0.021	822813	6
0.022	520650	5

Last trade - 15.45pm 15/05/2024 (20 minute delay)


Last 1.7¢			Change 0.000 ( 1.16 %)
Open	High		Low	Volume
1.8¢	1.8¢		1.7¢	329159
Last updated 14.42pm 15/05/2024 ?

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