MGU

8.33%

1.3¢ magnum mining and exploration limited

Ann: Drilling And Surface Sampling Confirms High Grades, page-23

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MrFantastic

2,881 Posts.

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27/07/23

12:36

Post #: 69012866
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Originally posted by galaxy1: ↑

It hit 5.8 cents this morning on big volume. This is standard at this time of the day the traders are going to town on this atm, don't be surprised if it closes green. Neil said to me expect regular updates and he has been certainly doing just that.

I have purchased at 2.2, 2.4. 3.8 and 5.4 and will continue to buy this one.

Why will I keep buying:

- Several studies are ongoing
- Expect US 2.5 million for our project research soon, talks continue with other potential Government programs.
- Offtake discussions advancing with Mitsubishi and discussing with other potential offtakes.
- Easily accessible high grade very low impurity DSO, very low strip ratio and plenty of it - mining within 8 months.
- Obviously long term power house with pig iron from two plants, this is where things get real exciting.
- Magnum has the market in the USA and having Neil Goodman running this company the sky is the limit.

I'm with @Sisu123 this has all the ingredients to become another FMG in good time. Mining companies will be calling Neil for a piece of his process to
Don't forgot this old article, the numbers are conservative and will improve immensely in my opinion. 35 million MC is ridiculous and the momentum will continue until we find fair value and this is why I will continue to by this once in a lifetime type investment opportunity.

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This is also a LT hold for me brother. As you stated, the market hasn’t woken up to what we have on offer. When it does these ridiculous low prices will be many investors regrets. My Son just bought tails this morning.

Good luck everyone.

MGU Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $10.52M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$10.33K	840.8K

Buyers (Bids)

No.	Vol.	Price($)
4	1809080	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	64	1

View Market Depth

No.	Vol.	Price($)
4	1809080	0.012
10	1380091	0.011
12	1503185	0.010
4	661200	0.009
3	490000	0.008

Price($)	Vol.	No.
0.015	568065	6
0.016	700000	2
0.017	472407	4
0.018	101166	1
0.020	360000	1

Last trade - 16.10pm 06/09/2024 (20 minute delay)

MGU (ASX) Chart

Ann: Drilling And Surface Sampling Confirms High Grades, page-23

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Ann: Drilling And Surface Sampling Confirms High Grades, page-23

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