MMW 0.00% 7.0¢ magma metals limited.

For one of the main shareholder- Anglo American- it's just...

  1. 34 Posts.
    For one of the main shareholder- Anglo American- it's just pocket money. They are there just in case MMW finds a big deposit of Platinum. Should it not be the case, they write it off and move on. Same for Anglo Pacific.

    Panoramic liked the story, went on the property, did their dd and bought stock on the open market.

    I also like the story but it's a looooooong loong shot.

    They are burning $1,000,000 a month. At that rate the money will be gone in 9 months as they had $10,000,000 left in the bank at the end of Dec.

    So far not enough ounces have been proven to justify bringing the project to production. They need at least four times what they have proven so far.

    The fact that the scoping study was delayed three months is bad news. Why was it delayed? I don't believe management's explanation...

    Winter drilling has started as the lakes and swamps are frozen solid. It's -30c these days.

    Management should up-date shareholders on a more timely basis. But they don't seem to care...

    No wonder they have a stock acting like mushrooms...

    You know how to grow mushrooms don't you?

    Keep them in the dark and throw manure on them...lol



 
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