MAG 3.51% 5.9¢ magmatic resources limited

Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-51

  1. 1,784 Posts.
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    i sold the small amount I held yesterday just before that depth at 10c dried up. I'm taking a punt that it will drop further on news of drilling, and further again in the long wait for assays following that.
    will buy back 2.5 times the amount I sold if it hits 4c again.
    I get that it's fmg, but it's a small risk for them, they have well and truly outplayed magmatic here. Magmatic put themselves in a desperate position through a string of bad choices and poor foresight.
    They've had months and months to get a drill program together. Where the heck is it?
 
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