MGT magnetite mines limited.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-39

  1. 734 Posts.
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    I can answer that one for you.
    Share price will be 2 cents within 12 months and that's being conservative.

    'The Magician' Mr Tim Dobson CEO of "Explorer" company MGT pays himself $500k/pa base salary plus.
    MGT are not even an "exploror", they aren't drilling, they aren't staking tenements, their doing jack Sh!+.
    They aren't signing any binding agreements, haven't been able to secure a single binding agreement, EVER, 20 years now.
    They haven't even got water...... YES WE DO, its only 300km away and there's lots of it. Lol.
    They aren't able to convince anyone to partner with.
    They can't even secure funding to complete a bloody DFS.
    This Tim Dobson, mr $500k/pa guy must be the smartest crook of all time.
    Basically, him Jemma & co touring around the world (fully funded at shareholder expense mind you) attending junkets spruiking their High grade Razorback Concerntrate.

    If Mr Dobson were to fund this DFS from his own personal finances, a NOT FEASIBLE decision would have been reached a loooong long time ago.
    Even a used car salesman has more credibility than this guy. (no offence to used cars sales people)


 
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