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7.14%

1.3¢ magnum mining and exploration limited

thats a very good way of looking at it, hopefully we get a preso...

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MrFaargs

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13/05/24

11:33

Post #: 73794237
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Originally posted by RMInvest: ↑

The raising for MGU is really a side show to the main game - it’s essentially a raising for Midmetal, somewhat akin to an IPO for that entity, investors would be backing a company planned to be 50% funded by Saudi gov and partly owned by MGU, they won’t be backing MGU…but at the same time, they’ll get some shares in MGU too, but MGU’s market cap really means little here and they’d be seen as bonus shares really.. as indicated by the raise price..no investor would pay that price for MGU on its own, but hey if you help fund this Saudi plant you’ll get a few MGU too.

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thats a very good way of looking at it, hopefully we get a preso and some financials for the HIsmelt plant to see what we could be looking at in terms of revenue as i imagine those are the kinds of details that investors in this raise will want to see

MGU Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.3¢		Change -0.001(7.14%)		Mkt cap ! $10.52M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$23	1.785K

Buyers (Bids)

No.	Vol.	Price($)
3	795768	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	874869	5

View Market Depth

No.	Vol.	Price($)
3	795768	0.013
15	1924498	0.012
6	1225497	0.011
6	1027923	0.010
1	3000000	0.009

Price($)	Vol.	No.
0.014	874869	5
0.015	267388	2
0.016	1518044	4
0.017	168000	2
0.018	218875	1

Last trade - 11.35am 08/07/2024 (20 minute delay)

MGU (ASX) Chart