MGT 3.45% 28.0¢ magnetite mines limited.

Ann: Entitlement Offer closes raising $1.17M, Shortfall commenced, page-38

  1. 393 Posts.
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    They have done lots but they have failed immensley to get any investment from strategic or institutional investors after years of preaching they are advancing discussions. They have also failed in that they have said they will raise cash for one thing and spend it on another. This makes me lose trust. Tim also said back in March he wont have to ask retail holders for money again yet here we are. Again loss of trust. They have also failed to address any time lines whatsoever. Would you buy a house if you had no plans or any idea of when it will be built? This was a shot across the bow for management to show them they can't keep coming to us for money. Time for them to work harder to get a deal done.
    Last edited by next2us: Yesterday, 16:04
 
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