Ann: Change of Director's Interest Notice, page-9

I'm surprised that no one complained about a sneaky Friday after-close announcement?!

Haha- oh, that's right, it's a good announcement so doesn't matter when it's released.


Anyyyway, great confidence from the Chairman to fork out $361,000 cash and exercise his options (5M x 7.22c).


Company already has $6.1M cash and doesn't need more cash any time soon (make that $6.48M now).


So, could've easily let the options lapse.

Could've exercised only some of them.

Could've arranged for an option underwriting.

But yeah, chose to exercise and keep them all.

Sounds like he might be a bit bullish on MAG?

I wonder if he sees good things ahead for shareholders (him being the biggest one)?


Lady Ilse results due end of this month.

Drilling accelerating this month and then going into overdrive from next month with drilling at multiple areas/targets.


Cheers,

GB.