MGU 0.00% 1.5¢ magnum mining and exploration limited

Will be interesting to see what the raise is being used for and...

  1. 280 Posts.
    lightbulb Created with Sketch. 85
    Will be interesting to see what the raise is being used for and whos getting a cut of the funds being raised.

    See below, this raise was 12 months ago. 5 Million raised to go towards accelerating a BFS study. We are now 12 months later, and we haven't started a BFS or DFS and we are out of cash. No explanation, no timeline of how we are getting to production, no secured partners or offtakes.

    This "Experienced management team" owes share holders some kind of explanation at a minimum. Its way to easy for management of micro cap stocks to have no accountability for poor share price performance. They could easily raise each year while fluffing around saying they are making progress and no one has any idea what they are spending the funds on.



    https://hotcopper.com.au/data/attachments/5579/5579724-ddfaac48cbf047804bd27d93a6a59872.jpg
 
watchlist Created with Sketch. Add MGU (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
0.000(0.00%)
Mkt cap ! $12.14M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
4 1746854 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 507387 3
View Market Depth
Last trade - 12.38pm 04/06/2024 (20 minute delay) ?
Last
1.4¢
  Change
0.000 ( 6.67 %)
Open High Low Volume
1.4¢ 1.4¢ 1.4¢ 500000
Last updated 12.38pm 04/06/2024 ?
MGU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.