MGU 7.14% 1.5¢ magnum mining and exploration limited

Great that MGU now have a dedicated team of debt finances...

  1. 88 Posts.
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    Great that MGU now have a dedicated team of debt finances working for them and the incentive structure does look great for pushing to get a deal done ASAP. Had a look at the website and they have done a lot of deals for a lot of ASX companies, however I do agree with raising the question mentioned by @GoldStar112, as in what is the point in having 2 directors that are "investment banking & corporate advisory" specialists if they cannot be leveraged.

    I used to work in the commercial banking division of a large well known international bank and the bankers were tripping over themselves to get new leads in the door, especially if they fit into certain narratives such as ESG. Between two directors that had years of experience in investment banking they should have dozens of contacts they could steer the company towards before needing to outsource. The only reason why I could think that they wouldn't do this is if they do not currently have anyone within their pay roster that could dedicate the time and recourse to lead those conversations.

 
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