so what's next: 1. Finalisation of negotiations with Chinese...

so what's next:

1. Finalisation of negotiations with Chinese Manufacturers - what I'd like to see:
a) Agreement to build wet plant 2+ (larger) in a streamlined process (seems like business is slow so should have lots of capacity)
b) Improved payment terms (i.e. pay over time, interest free)

2. Update on phase 1:
a) Amount of iron ore benefacted to date and quality
b) Update on Purchase Orders as per offtake agreements
c) Update on money in the bank
d) Update on the niche ore production sales

3. Update on MoUs
a) What are the next steps to actualising the MoU's
b) Beyond 'escalating requests' what other support is expected from them

4. Close out of legal matters re: Australian tenements

5. Investor update outlining next steps and vision based on all these changes

*Appreciating they are hopefully working hard to deliver on the above as opposed to investing time writing about it.
**Appetite to buy is showing given the horrific start to 2016 - very positive sign to me. Considering Magna's portfolio (and any investor in stocks) would be seeing a lot of red, being able to offset losses before the US EOFY and reduce risk in an unloved sector is the correct move for them. Just be thankful that we have the opportunity to buy the shares cheap - there may be just a little bit more supply from those who bought at the top of the last spike... bailing as they saw this as a quick win and don't understand the fundamentals.

MC out