MGU 12.5% 1.4¢ magnum mining and exploration limited

I wonder how the funding talks are going over in Saudi? From...

  1. 2,844 Posts.
    lightbulb Created with Sketch. 1248
    I wonder how the funding talks are going over in Saudi? From memory Neil said he was heading over there at the end of last month. An update of some sort would be nice. I’m fully aware that getting funding and offtake agreements takes time, but it would be over three weeks now since the team have been over there. Wouldn’t they have some kind of feel to how the talks are going? My feelings from the silence is that they have something brewing, otherwise they would have dropped a CR by now. If my senses are wrong and they drop a CR it would be such a devastating blow to the SP. they would need to raise at least 3-4 million dollars at around 1 cent. This would be more dilution of up to 300000 shares. Hopefully they have something soon as Neil likes to say. Let’s hope it’s not CR and if it is they don’t pay themselves ridiculous salaries and bonuses.
 
watchlist Created with Sketch. Add MGU (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
-0.002(12.5%)
Mkt cap ! $11.33M
Open High Low Value Volume
1.6¢ 1.6¢ 1.4¢ $15.90K 1.085M

Buyers (Bids)

No. Vol. Price($)
9 3122564 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 200260 2
View Market Depth
Last trade - 15.17pm 18/07/2024 (20 minute delay) ?
MGU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.