MAG 4.76% 6.0¢ magmatic resources limited

Ann: High grade copper intersected west of Corvette, page-92

  1. 1,784 Posts.
    lightbulb Created with Sketch. 521
    Rarely do companies keep good news a secret.
    my bet, they took an extended holiday, they will do a cap raise for a tiny amount due to the tight capital market and the dismal share price. It'll be a entitlement offer at a heavy discount to 'reward faithful shareholders'. The share price will immediately fall to the discounted offer price, it'll only get partially filled then some company will underwrite it and take the rest, then sell into every bit of news from then until the next cap raise.

    directors have done their very best to turn an incredibly sort after package of land into a complete dog stock.

 
watchlist Created with Sketch. Add MAG (ASX) to my watchlist
(20min delay)
Last
6.0¢
Change
-0.003(4.76%)
Mkt cap ! $25.02M
Open High Low Value Volume
6.0¢ 6.0¢ 6.0¢ $12.99K 216.5K

Buyers (Bids)

No. Vol. Price($)
1 72725 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 30303 1
View Market Depth
Last trade - 15.57pm 24/06/2024 (20 minute delay) ?
MAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.