Appreciate your efforts here BigJohn. However, you know I'm a non believer and just about everything you noted above I call BS on!
Tier 1 Jurisdiction????? Whaaatt, the iron content is extremely low, there's no water, no power no anything and this they award themselves with the catch phrase "Tier 1 Jurisdiction" um, yeah righto, obviously legit. NOT!
What makes MGT The Most Advanced Junior Magnetite Iron Company On The ASX? Would it be the fact that MGT themselves have announced this? The answer is YES BigJohn, they have awarded themselves this lable, it's absolutely hilarious and reeks of arrogance & desperation.
The wordsmiths are the ones doing all the work, I mean how exciting does this one sound, "Magnetite Mines Is fast-tracking the search for strategic and joint venture partners for the project and has received strong interest from several high-profile domestic and international parties" Wow, yep time to load up this is about to start construction! Fact is BigJohn, all these cleverly designed headline grabbing statements are all 100% empty baseless statements designed to encourage the flow of your hard earned, honest $$ from your pockets to theirs. They have NEVER EVER produced anything on any sizeable scale to prove these claims other than a lab bench test!
Ask yourself, why there's NEVER been a takeover attempt or a BHP, RIO, FMG, MIN, HANCOCK etc Joint venture/partnership?
Answer is BJ, they, like me, know it's just NOT VIABLE no matter how much pollish/spin/sugar MGT want to put on it.
If you attend the AGM you should ask Tim if he still wears his "Shareholders Hat" You should know what I mean by that.
Good luck & God bless BigJohn
MGT Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held
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