Australia's largest stock trading and investment forum Australia's #1 stock forum

MGU

Click for more information

7.69%

1.4¢ magnum mining and exploration limited

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

First 81 Last

Share
Profile

Follow
Abhi_perth83

548 Posts.

31

12/02/24

14:19

Post #: 72361234
Share

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

Expand

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

Reply

There are more pages in this discussion • 50 more messages in this thread...

First 81 Last

Add MGU (ASX) to my watchlist

(20min delay)
Last 1.4¢		Change 0.001(7.69%)		Mkt cap ! $11.33M

Open	High	Low	Value	Volume
1.3¢	1.4¢	1.3¢	$7.342K	524.8K

Buyers (Bids)

No.	Vol.	Price($)
6	1152418	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	161240	2

View Market Depth

No.	Vol.	Price($)
6	1152418	0.013
9	1234853	0.012
4	869000	0.011
2	151000	0.010
1	120000	0.008

Price($)	Vol.	No.
0.015	161240	2
0.016	1047768	5
0.017	376760	3
0.018	84375	2
0.019	256914	2

Last trade - 15.15pm 29/04/2024 (20 minute delay)


Last 1.3¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
1.4¢	1.4¢		1.3¢	169231
Last updated 15.25pm 29/04/2024 ?

MGU (ASX) Chart