MGT magnetite mines limited.

MGT - understanding where the money comes from, page-6

  1. 3,198 Posts.
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    Agreed. Time will tell.
    we are lucky to have the management we have, with the experience they have.
    Mondy thanks very kindly for this write up.
    I love a good critical piece.
    Gave you a like and a bulb.

    it's good to know some of the ways our company might get money, and its good to hear your pros and cons on those options you've identified.

    Two things, immediate to my mind -

    1: the management are in this for the long haul, as are many investors.

    2: as you yourself have said, time will tell. We will cross that bridge when we get there, and take advantage of the best opportunities available to us.

    The reality is, we might even get bought, in a simple deal. Announcements have suggested how open they are to "deals best for shareholders". They've also mentioned having already had offers.

    Think about it. Management does all the hard work on initial drilling and project startup/layout - pulls together a massive resource with an excellent running cost, and a cheap inital CAPEX.

    That's a sexy deal, for any big company with petty cash.
    I'm just calling a stick, a stick, here.
    We've got what makes people very, very rich, and its not a small, limited resource.
    It's one of the biggest mag resources in the world, if not the biggest presumed in the ground resource.

    We can't lose sight of that fact.

    we have the goods ///
    Iron isn't a specific market. It's application has 100x more use than a cobalt resource.
    the big boys will treat it as such.
    Again - time will tell.
    Last edited by MrStrengths: 11/07/21
 
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