MAG 1.69% 6.0¢ magmatic resources limited

MAG (Summary) - On The Cusp of a Major Discovery, page-1332

  1. 1,038 Posts.
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    Well I'm out today. Been holding for quite some time. It's not because I don't think they could still be on to something. I think some inexperienced holders expected these results to be discovery results. These were RC holes. Even so I wasn't particularly excited by the results and the announcement to me certainly didn't convey excitement by the company either. The announcement was light on in regard to geology I thought and no real forward plan conveyed at this point. The talk of a 'bigger than Boda' discovery seems to have gone very quiet. Unfortunately no significant results at Boda North prospect either to date.
    I don't doubt there is still potential at Lady Ilse and Boda North but I have sold based on company sentiment that I perceive and I don't see anything to push the share price along in the short term.
    Just my perspective and appreciate those comments that still see upside. At this I think my investment is better value elsewhere (rightly or wrongly!!)
 
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