MGU

8.33%

1.3¢ magnum mining and exploration limited

Magnum mining projected revenues from WV and BV, page-10

First 10 Last

Share
Profile

Follow
Sisu123

798 Posts.

680

22/07/23

14:58

Post #: 68925289
Share

Originally posted by Sisu123: ↑

the old management put all their eggs in the one basket, and that basket was DSO, the price of FE 62% fell from 150 USD all the way 80 USD, they had no other progress in terms of any of the other revenues which I have on the post above. secondly the top20 at the time had what some deemed as nefarious or unscrupulous characters,

this is also why we are seeing a re rate this is so substantial and will likely continue well into the 10s and beyond.

the market ignored the fact that we had Neil Goodman on board and they ignored all the progress until it was no longer deniable, and that is why you're seeing such a large rise

to put in short, the 20c it hit back in 2021 was likely its true value, and during a bull market, and an iron bull market at that. in short collapse of iron ore pricing.

you're the second person to say it's weird they didn't post the T20 with annual report, that is not weird at all, just email them, they'll give it to you, and you can go through the T20 one by one, and you'll see it's all people you want to see.

should the share price have ever falling as low as it did?

that should be the real question!! and the answer is no, but hey, for those of us who picked up millions of shares at 2-3c are all laughing, and so will anyone picking up anything below 10c

you'll see over the next 6 months, I don't have to convince you or anyone else that we are moving well north of 40c in the short distance future, the big fish are finally moving in. take a look at the broker data.

we havnt even listed on the Nasdaq or NYSE which is also being scheduled, you would never ever see this company below 15c if it was on a reputable American exchange, but here we are, lucky as hell because investors on the ASX lack the ability to properly research and evaluate companies and seem to only ask surface level questions because they like to jump in and out of high risk explorers.

I apologise for the long write ups, but I take this seriously, this isn't a punt for me, and I do regard myself as a serious investor.

Expand

I will also add, that back in 2021 magnum was tied to the price of iron ore, now the progress is such that we can now tie it to 3 key resource elements

current prices
pig iron - 650 USD/t
BIO Pci (similar to coking coal) - $230 USD/t
iron ore 66-68% FE - $140USD/t

so even tying the price to any of the above has it well above the 20c mark

MGU Price at posting: 5.2¢ Sentiment: Buy Disclosure: Held
16 Upvote

1 Great analysis

Reply

Top Stories

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

There are more pages in this discussion • 69 more messages in this thread...

First 10 Last

Add MGU (ASX) to my watchlist

(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $10.52M

Open	High	Low	Value	Volume
1.2¢	1.3¢	1.2¢	$10.33K	840.8K

Buyers (Bids)

No.	Vol.	Price($)
4	1809080	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	64	1

View Market Depth

No.	Vol.	Price($)
4	1809080	0.012
10	1380091	0.011
13	1504285	0.010
4	661200	0.009
3	490000	0.008

Price($)	Vol.	No.
0.015	568065	6
0.016	700000	2
0.017	472407	4
0.018	101166	1
0.020	360000	1

Last trade - 16.10pm 06/09/2024 (20 minute delay)

MGU (ASX) Chart

Magnum mining projected revenues from WV and BV, page-10

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

Shekel Brainweigh investor presentation webinar – the future of retail automation

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Magnum mining projected revenues from WV and BV, page-10

Top Stories

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

CBA breaks trading record on strong day for Aussie financials

Red Mountain Mining: record gold prices, two projects, two greenstone belts

As Nvidia cools, we're looking to Aussie AI

Shekel Brainweigh investor presentation webinar – the future of retail automation

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News