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12.5%

1.4¢ magnum mining and exploration limited

Add a few zeros to that dilution , raising 3 mil would add...

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donegaldemon

3,909 Posts.

1889

18/07/24

18:15

Post #: 74817426
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Originally posted by MrFantastic ↑

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.

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Add a few zeros to that dilution , raising 3 mil would add another three hundred million shares , or 300,000000 , or just under half of current shares on issue which is just over 800 million

MGU Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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(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

No.	Vol.	Price($)
9	3122564	0.013
20	3975164	0.012
3	858100	0.011
5	751000	0.010
1	110000	0.009

Price($)	Vol.	No.
0.015	200260	2
0.016	1167856	4
0.017	209745	3
0.019	6668	1
0.022	125150	2

Last trade - 15.17pm 18/07/2024 (20 minute delay)

MGU (ASX) Chart