MAG 6.67% 6.4¢ magmatic resources limited

Ann: High grade copper intersected west of Corvette, page-83

  1. 1,784 Posts.
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    Just remember the salaries the company is forking out each year mate, sounds like a good idea to slow things down sometimes to 'preserve capital' but really it isn't, the salaries get paid before anything else, all we are achieving here is that most of capital expenditure is going in salaries and hardly any in drilling. I'd be interested to see the cut of what went where in the last year. Quarterly is going to be a disgrace.

    also it really isn't gonna matter what they get up to in the meantime, share price won't go anywhere now til their cash position is sorted.
 
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