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1.5¢ magnum mining and exploration limited

“…and no one has any idea what they are spending the funds...

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anatagamu

961 Posts.

125

13/09/23

15:23

Post #: 69843063
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Originally posted by Bigmoney66: ↑

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.

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“…and no one has any idea what they are spending the funds on.“

Flights. Interviews. Flights. And more interviews. Oh, and writing MOUs.

MGU Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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(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.
1.6¢	1066653	6

View Market Depth

No.	Vol.	Price($)
4	1746854	0.014
9	1408757	0.013
8	1092999	0.012
2	2500000	0.011
5	806609	0.010

Price($)	Vol.	No.
0.016	1066653	6
0.017	755333	2
0.018	390677	5
0.019	620000	3
0.020	193305	2

Last trade - 11.05am 04/06/2024 (20 minute delay)

MGU (ASX) Chart

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