MAG 2.44% 4.2¢ magmatic resources limited

Ann: Magmatic to demerge Moorefield project and IPO, page-24

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  1. 843 Posts.
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    Fantastic news from a quality team!

    In regards to longer waits and recent delays in drill results, it seems to be a global phenomonen and not just an issue for NSW. The main cause of the backlogged assay labs stems from the massive amount of junior financings that have occurred following the explosive moves of gold and silver after the March and April madness. That, coupled with inefficiencies resulting from new COVID practices, have reaaallly slowed down progress at the labs. A lot of Canadian listed companies are experiencing the same delays.
 
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