MGU 23.1% 1.6¢ magnum mining and exploration limited

Ann: Sale of Gravolette Project, South Africa, page-6

  1. 491 Posts.
    lightbulb Created with Sketch. 208
    They had been flagging this sale for months, it was mentioned in at least a couple announcements that I recall, so no surprises here. I just find the wording of clause A and B of the consideration a bit odd in that they appear to say the exact same thing, also the consideration seems to be quite small and there’s no upfront cash payment; so other than the shares in the buyer, Magnum only get paid if any production happens. I know very little about the Gravelotte project to understand it’s worth, maybe longer term holders here do though.
 
watchlist Created with Sketch. Add MGU (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
0.003(23.1%)
Mkt cap ! $12.94M
Open High Low Value Volume
1.3¢ 1.6¢ 1.3¢ $30.06K 1.997M

Buyers (Bids)

No. Vol. Price($)
1 100000 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 2089565 6
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
MGU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.