MAG 3.23% 6.0¢ magmatic resources limited

Ann: MAG Alkane Proximity, page-19

  1. 3,903 Posts.
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    Well Im thinking about it, but something isnt right here, and I dont have time to figure out what.
    I think someone is maybe competing for a cap raise and trying to achieve a lower vwap maybe. (Late trade pushed price down 9%, why??) Perhaps a J.V being negotiated, who knows..

    But this is too cheap and I dont know why. Is the geology so much different to Alkanes Boda strike??... They must have a target or two uo their sleeves..

    Goldfields on the register, AQX which I also hold drilling away next door, with probably 15-20 mill of their market cap attributed to their Molong targets..

    So we are at 1/3 the compartive price I estimate..

    So tempting, but I feel I am missing something??
 
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6.2¢ 6.2¢ 6.0¢ $7.534K 125.4K

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1 50000 5.9¢
 

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6.0¢ 10000 1
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