I have been asked by a friend to have a look at Mount Burgess and their Kihabe deposit.
With the recent fall in Zinc prices I have to say that the project is marginal...given the low grades.
Also reading HC posts and research for MTB I am just amazed at the incompetence of management.
Nigel surely must take the blame here.
Capital raising after another ... and Suntrader is correct ... no drill results and its 6 months into the year.
I am definitely not investing in this stock with a 10 foot pole.
Why don't shareholders get a petition to remove the management of MTB. I have seen that State One has done the last placement so I am assuming that they will hold a few shares hence votes. Then the new problem would be ... who can then take up the job.
Soem of their ground I admit is decent but there seems to be a lack of any development.
Or another solution is force management to sacrifice salary ... liek pay 5million options each at 10cents, 15cents, 20 cents and so on.
I am sure many people have worked hard for their investment money ... therefore the people to take care of this money must get results.
No Results...No Job
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 15051247 | 0.2¢ |
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Price($) | Vol. | No. |
---|---|---|
0.3¢ | 10713895 | 10 |
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No. | Vol. | Price($) |
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21 | 53781807 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 10713895 | 10 |
0.004 | 9036389 | 17 |
0.005 | 1999199 | 6 |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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