Ann: Magmatic to demerge Moorefield project and IPO, page-17

Definitely not sitting on their hands! haha

Pretty left-field announcement and a great way to realise more value for MAG/MAG shareholders.

At the moment, the Moorefield project is being given zero value by the market and most investors don't even know MAG has the project or what it's about.

Numbers:
- MAG will own 60% of the new IPO'd Company (AGC)
- MAG will distribute 50% of its AGC holding to MAG shareholders
- resulting in MAG owning 30% of AGC, and MAG shareholders owning 30% of AGC

So, if it's a, say $15M IPO, MAG will own $4.5M in AGC shares and MAG shareholders will own/get distributed another $4.5M in AGC shares.

So that's a starting point; from there you can sell you shares or hold and wait for more upside.

MAG shareholders that are also ALK shareholders will be thinking, what the heck, we just had this happen over on ALK and got our free ASM shares (which I sold at not much more than $1 per share after the de-merger and then of course they ran to $2.60+ straight after that).

Will need to see what else I can find on the new projects that will go into AGC.

Moorefield has a 15km long orogenic gold trend with:
- 36m at 1.21g/t Au from 81m
- 30m at 1.60 g/t Au from 80m

at one end of the trend and:
- 19m @ 1.28g/t Au from 114m
- 15m @ 1.00g/t Au from 85m





Great news and something else to look forward to (freebie for MAG holders)!

Hopefully the left-field news keeps coming and more value gets realised while Lady Ilse and the rest of the main game progresses.

Cheers,

GB.







Summary:






Projects of new IPO'd entity (AGC):









Geology:








Cargelligo Project:








Gundagai Project: