Now that the threads are starting to come alive i thought id start a general discussion thread , it might be able to make topics easier to track .
Anyhow , a solid finish to the week , i was expecting some sort of pullback or consolidation but not yet , we should have news in the pipeline so maybe punters are happy to hold at these levels and see where we end up .
DSO study in 6-8 weeks , i think we all know that it will be very viable , so the big question is , who will finance it ?? , if its investment banks in the US then they will more than likely require studies and binding offtakes , well we have the study allready commenced and Mitsubishi are signed up for a non binding MOU , if they are happy to take low grade from the likes of FMG then they will be more than happy to commit to Magnum for some high grade DSO !.
Its gonna be an interesting 2 months and long over due for some of us long term holders .
MGU Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
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