MGT 0.00% 13.5¢ magnetite mines limited.

MGT $ 1.00 TARGET PRICE 2024, page-645

  1. 55 Posts.
    lightbulb Created with Sketch. 27
    More than anything they need to stop f*ing around a take a pay cut.
    If timelines end up shifting that's understandable but that shouldn't come at the shareholders expense. That's a cockup on managements behalf and they should be penalised accordingly. They get paid to deliver and they aren't.
    The constant rhetoric of "in the best interests of the shareholders" hasn't done any good for any shareholder bar those on the board who retain absurd salaries.

    As mentioned above, moving forward the best any current shareholder can hope for is an insane level of dilution on top of an already diminished capital investment. Personally, I'm so far down on my investment that it doesn't matter if i hold or sell. Both options set me up for a tax break later on. Alternatively I may as well ride this shit out and pray for a unicorn.

    Its impressive and ironic that a company that wants to become a miner seems to be doing everything to run it into the ground.
    Sentiment and reputation is trashed.
 
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