MGU

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1.2¢ magnum mining and exploration limited

Ann: Magnum Pursues Main Board Listing with Critical Appointment, page-81

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donegaldemon

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30/01/24

08:53

Post #: 72125014
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Originally posted by RMInvest ↑

I’d focus less on the mix up in study terminology..what they presented was positive, and again, it is a type of feasibility study and it would have been naive to think in 2-3 months they could churn out anything approaching a definitive or bankable feasibility study, which typically takes companies 1-2 years minimum to complete. It was a silly/unforced, but ultimately minor error/backtrack, which may have largely been due to ASX requirements. I highly doubt they tried to deliberately deceive. I feel questions should be more aimed at what is going to happen in near term to start producing DRI to fund a large future Hismelt CAPEX , where are they planning by to get the CAPEX financing to fund DRI, when are they going to sign something/anything binding, are they serious about Anglo/Misubishi and when are they seriously expecting to list on a main board in US and why do they keep announcing hiring the same law firm to assist with this.

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With the current premium on 68% Fe , the mind boggles at why they haven't signed an offtake ??
Surely Anglo are keen ? They were keen fir lower grade a few years ago , keen enough to stump up a pre payment !!
I really want to believe that the delay is due to Mid Metal awaiting to see the recent study and it all ties in with Hismelt , DRI , Bio Char etc etc ,but I have no faith in these guys , so who the f* knows.

MGU Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $9.712M

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No.	Vol.	Price($)
1	752204	1.2¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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9	590998	0.011
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0.014	242332	2
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Ann: Magnum Pursues Main Board Listing with Critical Appointment, page-81

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Ann: Magnum Pursues Main Board Listing with Critical Appointment, page-81

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