MAG (Summary) - On The Cusp of a Major Discovery, page-763

"could it be ALK? wanting to expand their resources?"

Hehe - this is the part of the forum posting that I don't like or normally get into; wild guesses and pie in the sky stuff, BUT:

we're not guessing without any evidence or without anything to guide us - the broker data is clearly saying that someone big is accumulating and accumulating a lot of MAG shares, and are buying and buying.

My wild guesses would be:

1. ALK, due to the obvious reasons:
- Boda being next door and once discoveries are confirmed by MAG and further discoveries by ALK then it makes sense to develop it together or package it and sell it off to a Major together.

- Other reason is that Peter worked at ALK for 10.5 years and was in charge of all their Northern Molong porphyry exploration, and would still be in contact with the guys he spent 10+ years of his life with!


2. Newcrest
- Obviously the big boy/boss of the area with the biggest and most profitable gold mine in Australia and of its kind in the world - they'd love nothing more than another Cadia, especially just up the road, so could've liked what they've seen so far.

- Same with ALK, Peter worked at/was the District Geologist at Newcrest's Cadia, down the road.


3. FMG
- they offered MAG a JV in April last year but MAG knocked them back as the terms weren't favourable enough for MAG shareholders - so could be them coming on via a different method.

- they've been grabbing ground left right and centre, especially around a couple of MAG's projects.


Buying on-market also makes sense as MAG does not need cash and don't want to dilute at these levels and there's no way they would JV Wellington North.


Interesting times ahead!

Cheers,

GB.