MAG 3.51% 5.9¢ magmatic resources limited

Ann: Myall Technical Update, page-12

  1. 1,784 Posts.
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    I don't know if I've ever seen an exploration company describe potential as 'exceptional' before.
    they really do need funds to just get stuck into this and back Adams theory and understanding. They need to use some negotiating skills and turn some of those unsolicited approaches into funds.
    shareprice is too low to raise anything significant, and doing tiny cap raises and crossing your fingers for a better share price is an expensive way to raise capital for a start, but also a zero sum game, the share price never moves when a cap raise is imminent.
 
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