MGT 0.00% 25.0¢ magnetite mines limited.

BTWill be interesting to see what our cash position is down to...

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    BT

    Will be interesting to see what our cash position is down to come the next quarterly .... with Directors fees well up on the previous year (excluding the bonus they bought for themselves with the issue of the huge number of 5yr options at 2c), interest due on our Note (approx $2m) due for repayment in a couple of years from memory and the huge team on the payroll now we must be burning through the dollars ......

    I hope we can keep going without another CR / dilution before we come up with a viable proposition ...... and then to move forward we would need to find another $500m to $600m to progress toward development ....... it won't be all beer and skittles .... lots ahead of us yet.

    Hanging in there ...... just trying to be realistic and keeping my head above out of the clouds.





 
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