MAG 1.69% 6.0¢ magmatic resources limited

Ann: Lady Ilse RC drilling returns highest grade Au-Cu results, page-151

  1. 456 Posts.
    lightbulb Created with Sketch. 116
    thanks m8. much appreciated.

    i was just doing a quick DD, there is definitely something, i was reading the aem.
    30.3m M/cap and 173.1mil units on issue. and 94.5mil oppies. there is growth here.
    CR raised back in Feb was at .30c for $5mil for east lachlan exploration program.
    current cash at hand is at $1mil and its low.. so another cr soonish, maybe?!!

    from last nov 2019, these substantial shareholders have increased their holdings:

    1. Bilingual software pty ltd; from 27.35% to now 27.45%
    2. gold fields aus pty ltd: from 14.11% to now 15.01%
    3. Davthea pty ltd: from 9.04% to 10.81%

    if cr, then 20% spp should be ideal,
    but historically mag likes to goto sophs and institutional, which is good as they are able to convince them to invest - shows confidence.

    haha, this a pickle wait for cr or jump in.. however current sp is very very ideal as an entry point.
    will take a small position to get started and see how it goes.. and GB thanks for that link and posting on alk.
    otherwise i would not be here sniffing .. cheers.

    all IMO AND DYOR AND GLTAH



 
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