Ann: Optimisation Transforms Razorback Iron Ore Project, page-100

further to your points (I agree with you on all of them), but the global markets have been horrid for small cap explorers for the past year or 2, there's been non-stop indicators of a looming recession, and it definitely hasn't changed so far in 2023.

In my view, delaying the DFS was a prudent move to preserve cash and release the results at a time that is hopefully more favourable for MGT. I don't like the consolidation, but we'd probably be at the same share price now anyway (it was 1.7-1.8c before consol).

Just be patient guys... if you liked MGT at 6c, and things have only gone forward in terms of resource certainty since then, it must be a great buy at ~1.2c.