MGT 0.00% 28.5¢ magnetite mines limited.

So Directors will participate to raise funds to keep paying...

  1. 1,791 Posts.
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    So Directors will participate to raise funds to keep paying themselves, seriously they think that's going to impress us.

    Oh wow the directors are participating it must be good because these guys really know their sh%$t Haha bunch of ........


    Still can't provide any real details just vague references to DFS and companies doing due diligence and lot's macro information just tell us about MGT, more dilution and zero accountability.

    How long exactly is this raise expected to provide working capital for ?

    Can you give us a approximate timeline for negotiations and a decision ?

    I mean within 6 months a year? Is it to much to ask if you think it will happen sometime in 2025 even?

    Yes companies need funds to operate but it's not an open cheque book they need to be accountable and so far they have not earnt my trust or confidence.

    They are heavily overweight staff wise and could make a couple of cuts it's not like much is happening.

    Why would anyone participate when you will be able to buy at 25 cents in a weeks time.


 
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