MGU magnum mining and exploration limited

0.00%

0.7¢

CLASS ACTION LAWSUIT, page-4

First 4 Last

Share
Profile

Follow
MrFantastic

3,098 Posts.

1354

31/05/25

21:25

Post #: 79265892
Share

Originally posted by Greenisgold74: ↑

Subject: Formal Notice: Unified Shareholder Class Action Against MGU BoardTo All MGU Shareholders.

It is with profound disappointment that we address the persistent governance failures of the MGU board. Their lack of accountability and transparency necessitates decisive action. I have initiated preliminary inquiries with multiple law firms to prepare a class action lawsuit aimed at addressing the board’s mismanagement and safeguarding shareholder interests.

To ensure coordinated communication, a dedicated email address is being established. Shareholders wishing to participate are requested to contact us via direct message to obtain this contact information. Unity is paramount—our collective strength, representing 59% retail ownership (Web ID: 11), will drive this initiative forward. A minimum of seven shareholders is required to proceed, and with your commitment, this threshold will be readily achieved. The more that get involved, the greater the pressure.

We recognize that DC’s vocal critiques of MGU’s leadership have caused friction among some investors. While his approach has not always been universally embraced, his warnings about the malevolence of this board have proven accurate. Having served on numerous boards, I bring extensive experience in governance and affirm that this board has repeatedly crossed lawful and ethical boundaries. We invite DC and all shareholders, regardless of past differences, to demonstrate their commitment to our shared interests by joining this effort.

This is not a conflict among ourselves but a unified stand against the board’s failures.Participation in the class action entails no out-of-pocket costs, with litigation funders covering expenses and receiving 20-40% of any settlement, estimated at $750,000–$1.5M (Web ID: 8).Call to Action: If you are resolute in holding the board accountable, signal your commitment by hitting the analysis button (then I know you actually read this and you are serious) to join the class action. Only those prepared to act decisively need respond.

We are unwavering in our pursuit of justice. Join us to ensure the board faces the consequences of their actions, or there lack of!

Expand

I’m with SISU. DC has been nothing but a tyrant. He got it right. So what. He could have been wrong. The fact that he continued to say the same thing week in week out, shows he has mental issues. Let’s leave him out of it!

MGU Price at posting: 0.8¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASE

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $16.22M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$1.245K	164.0K

Buyers (Bids)

No.	Vol.	Price($)
1	644434	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	5850807	5

View Market Depth

No.	Vol.	Price($)
1	644434	0.007
16	9628602	0.006
8	9011000	0.005
11	11971352	0.004
7	13178331	0.003

Price($)	Vol.	No.
0.008	4572557	4
0.009	3945536	3
0.010	669697	2
0.011	1000000	1
0.012	235700	1

Last trade - 14.49pm 25/07/2025 (20 minute delay)

MGU (ASX) Chart

CLASS ACTION LAWSUIT, page-4

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

CLASS ACTION LAWSUIT, page-4

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News