MGT magnetite mines limited.

Ann: Razorback Project Optimisation Studies, page-29

  1. 1,961 Posts.
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    is this going down the KRR route? Everyone was waiting on KRR to provide an update on the PFS and they suddenly pulled the plug saying the while the project was Technically feasible, it was not commercially feasible.

    After the sudden unexpected consolidation and now the optimisation studies, I won't be surprised if we are told the same in 3-6 mnths time. Lets face it this is not the best economic condition to raise funds. With all the major economies anticipating recession after prolonged inflation and then the Russia-Ukraine war which has the potential to spill into Europe anytime. This is not the best time to raise funds.

    The mgmt probably realizes this and is just buying time and may be using this time proactively to fine tune and optimize their processes further. I have no issues with the mgmt doing this.

    However the consolidation has really pissed me off. Not sure which magician's hat did the pick that out off. I am here because I saw potential in MGT. However, I am cross becasue of the amount of money I have lost due to a poor mgmt decision.

    Without the consolidation we might have been hovering around the 2.0 c mark or (1.00 in todays' post consolidated SP). Look where we are now?




 
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