Magnum and Magnetite cash-in on super strong iron ore market

IRON ore duo Magnetite Mines and Magnum Mining & Exploration have taken advantage of strong market conditions to unveil raisings of A$7 million and $6 million respectively.

Magnum and Magnetite cash-in on super strong iron ore market Magnum and Magnetite cash-in on super strong iron ore market Magnum and Magnetite cash-in on super strong iron ore market Magnum and Magnetite cash-in on super strong iron ore market Magnum and Magnetite cash-in on super strong iron ore market

Razorback, SA

Magnetite reported commitments for new shares priced at 5.8c each, with the stock trading at levels at just over 1c as recently as late last year.