MFE 0.00% 1.0¢ magnetite mines limited

Ann: Placement - Extension of Settlement Date , page-11

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  1. 142 Posts.
    I think the board and management need a rocket put under them!
    How about an update on the $6.93 million placement which was supposed to occur on 22/7/11? Still no news of the further delay on this, and no response to an email I sent the company requesting an answer on 29/7.
    Also, when is the $8 million from Warriedar settlement due to be paid?
    Not a lot of cash in the tin ATM.
    I was looking to buy more but when I did not receive a reply from management, lost confidence in the company. Still holding some. Story good, but like a lot of these small miners, management do not seem to care about keeping shareholders informed, and right now, with the markets as jittery as they are, I would have thought it imperative that companies do their utmost to keep their shareholders happy to stay holding, by providing some positive news.
 
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