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1.1¢ magnum mining and exploration limited

Ann: Positive Scoping Study Validates Buena Vista Iron Project, page-37

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Dumaguete22

8,032 Posts.

1169

14/08/23

10:51

Post #: 69321401
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Originally posted by MD1979: ↑

The only saving grace here and I hope it is proven correct, is that they are also looking at selling the project. From where i sit this is the only path that does not lead to massive dilution for current share holders. So it is a possible bounce because at current levels someone could scope the whole thing up. It does look a little conservative on the numbers but definitely doesnt look likely the company itself will be doing much themselves on this. Maybe someone with more info on the people involved can speak about their goals but it seems tough

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who will buy it

they need to spend $300m just to get a product that is sellable

the payback period is not robust either

everyone came here on the DSO mega pump.. where is the DSO people??

MGU Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $8.902M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$2.9K	281.6K

Buyers (Bids)

No.	Vol.	Price($)
8	1040551	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	526651	4

View Market Depth

No.	Vol.	Price($)
8	1040551	0.010
8	2404311	0.009
7	860050	0.008
2	700000	0.007
1	250000	0.006

Price($)	Vol.	No.
0.011	526651	4
0.012	455829	4
0.013	529352	4
0.014	242332	2
0.015	586793	3

Last trade - 16.10pm 11/11/2024 (20 minute delay)

MGU (ASX) Chart

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