MFE 0.00% 1.0¢ magnetite mines limited

Ann: Change of Substantial Holding , page-3

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  1. 3,703 Posts.
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    Management needs to find institutional buyers to take out Sin-Tang - cost $2.9m.

    Plenty of upside at current SP provided Sin-Tang overhang shadow doesn't remain.

    This quarter - expecting confirmation of increased reserves and update on pre feasibility study.

    Cash burn is a worry.
 
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