MGT 6.76% 39.5¢ magnetite mines limited.

Ann: Renounceable Rights Issue Prospectus, page-2

  1. 906 Posts.
    lightbulb Created with Sketch. 385
    Wow according to this the company needs another $7.8 MILLION to complete the DFS

    I thought it was FULLY FUNDED.

    How does the company still need $7.8m to complete a DFS that was supposedly FULLY FUNDED

    Where have the funds been spent? i know they torched some money on Next Ore which they won't get back & efforts have gone ahead with expansion studies etc, but did they really need to stack the board with a rugby league CEO

    Fascinating this got no discussion today from the pump squad....
 
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