MGT

1.92%

25.5¢ magnetite mines limited.

You actually wont see the same stuff because ROY was based off a...

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Orey7895

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20/03/23

13:00

Post #: 66857674
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Originally posted by mondyinvest: ↑

Unpopular view here, but I still stand by the opinion that this is just management stretching out investor interest as long as is possible, to allow management to try and prolong their own generous employment. Many might be excited by the resource getting bigger, and a +25% performance today, but if you read that announcement objectively it’s basically the conclusion of one study (optimization) and the beginning of another (an updated DFS). I see this in juniors all the time, especially penny-dreadful sectors like uranium where some projects have had as many as 3-4 optimization and DFS “refreshes”, sometimes over a 15 year period. They then highlight this as some sort of de-risking piece when in reality all it tells a savvy investor is that after 10-15 years they’ve never been able to get the project funded and the ore out of the ground.

Again, go back and read the ROY announcements (this is the old MGT, for newer players). You’ll see all the same stuff. You have to wonder, if they are so excited about optimizing the project so much, what does that say about the 2021 DFS which they were also so excited about? What this announcement is more or less silent on, is any cost/capex figures (even very indicative). They’re happy to provide all these other figures, but not that...

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You actually wont see the same stuff because ROY was based off a different resource, different mining techniques, different economics both micro and macro, different strategy to port and a completely different management team.

MGT Price at posting: 67.5¢ Sentiment: Hold Disclosure: Held
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Last 25.5¢		Change -0.005(1.92%)		Mkt cap ! $26.06M

Open	High	Low	Value	Volume
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You actually wont see the same stuff because ROY was based off a...

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

You actually wont see the same stuff because ROY was based off a...

Top Stories

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Westgold sets its sights on top five producer status through merger with Karora

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News