They get paid well but they haven't been updating the market as much as they should. It has been over a month since they told us Vali 2 is flowing at 0.2 million cubic feet a day, which is close to nothing.
The gas they are producing may be enough to pay the staff and other expenses. However, the wells decline and at one point the gas won't be enough to pay the expenses. They need a cap raise now if they want to drill more wells or a cap raise later if they defer. Off course, shareholders get nothing except another offer to buy shares cheaper.
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $20.03M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $32.01K | 2.670M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 6273438 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4424172 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 6273438 | 0.011 |
38 | 10465035 | 0.010 |
6 | 4848993 | 0.009 |
3 | 4230000 | 0.008 |
3 | 560000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 4424172 | 9 |
0.013 | 1900000 | 2 |
0.014 | 2000000 | 1 |
0.015 | 265151 | 3 |
0.016 | 930242 | 1 |
Last trade - 12.56pm 13/05/2024 (20 minute delay) ? |
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Last
1.2¢ |
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Change
0.001 ( 4.55 %) |
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Open | High | Low | Volume | ||
1.2¢ | 1.2¢ | 1.1¢ | 634461 | ||
Last updated 12.50pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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