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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum Magna Mining Inc V.NICU

Alternate Symbol(s):  MGMNF

Metals & Mining Industrial Metals & Minerals
Magna Mining Inc. is an exploration and development company focused on nickel, copper and platinum group metals (PGM) projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has permits for the construction of a 4,500 tons per day open pit mine, processing... see more

TSXV:NICU - Post Discussion

Magna Mining Inc > Cash position
View:
Post by MightyPoPo on Jan 06, 2023 2:56pm

Cash position

If I read the recent presentation correctly, they have 3.5MM in cash. Today's trading has me thinking a financing will soon be coming..perhaps at around $1.00. Anyone else thinking same?
Comment by Riggo44 on Jan 07, 2023 4:27am
Anything I've read or viewed online in the last couple of weeks about this company including the company website as well as stock analyst websites suggests to me that nicu is not planning to pump out shares to the public in order to generate operating capital. They also appear to have about 5 mill in cash as well as next to nothing in debt. Check out the latest video from the company website ...more  
Comment by Stocks2Go on Jan 07, 2023 5:45pm
I think they will look at a financing more in the $1.50 range. The results are stellar. 
Comment by MightyPoPo on Jan 10, 2023 7:40am
Could smell this one coming..not far off my $1.00 guess
Magna Mining Inc