So, with only two quarters of funds remaining the question becomes do they do a raise this month before results or wait until afterwards?
Most brokers wouldn't be interested unless there was pending news they could sell into.
If MAG waits until the results and they are sh!te, then expect a cap raise at a significantly lower price than now.
Ann: Quarterly Activities Report - September 2023, page-10
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Last
5.9¢ |
Change
-0.002(3.28%) |
Mkt cap ! $24.60M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 5.8¢ | $18.61K | 307.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 75000 | 2 |
View Market Depth
| Last trade - 15.18pm 14/06/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.002 ( 4.68 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.2¢ | 5.8¢ | 247959 | ||
| Last updated 15.18pm 14/06/2024 ? | |||||
| MAG (ASX) Chart |