MGU 7.14% 1.5¢ magnum mining and exploration limited

Whoa, 2 board member resignations in one go and both with loads...

  1. 88 Posts.
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    Whoa, 2 board member resignations in one go and both with loads of Iron/Steel industry experience there is definitely something up here. Only a few days ago I was thinking about building a bigger position over the long term in MGU, I'm so glad I didn't top up.

    I was a long time holder of KFE when Mr Lekkas and his then team acquired the advanced Iron Ore and integrated Steel mil Project in Africa (Nigeria). I ended up taking a big loss on this as they did capital raising after capital raising and diluted the buggery out of the price. When Iooking at their most recent presentation I can see they are still talking about the same stuff they were 10 years ago and neither the mine nor the Steel mil is active!
    Last edited by globetrotter79: 11/05/22
 
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