MGT 6.67% 14.0¢ magnetite mines limited.

Ann: Entitlement Offer closes raising $1.17M, Shortfall commenced, page-92

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  1. 946 Posts.
    lightbulb Created with Sketch. 271
    Yes they definitely shouldn’t say the next couple of weeks if it’s not true.

    There is a deadline on the heads agreement so it’s only in everyone’s best interest that gets finalised.

    They stated that there will be no DFS timeline until funding is available. Shareholders in waves decided to not back the rights issue, this is basically shooting your self in the food. Overnight they devalued their own purchases on market lol. Inexperience.

    For me personally, it has been the best decision that they delay the DFS. Last thing they need is an expensive study that is out of date or needs constant tweaking.
 
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