In theory, you can attach about a 2% value to that and factor into what the market cap should be. Would suggest we are undervalued but everyone has know that for a while.
For me this is another ANN where lipstick has been put on the pig. The results of the last 3/4 holes were poor. That's exploration for you. Suck it up and move on with a defined and sensible plan of attack. The metallurgical annexure to the last ANN and now the MRE with this one were unnecessary. Everyone is an adult, this type of obfuscation won't distract people from what is in the assays.
Potentially, the reason Adam has done this, is because he is looking at a JV or farm out and the organisations who are interested wanted this information. Certainly funding is now his top priority.
Absolutely critical Adam gets his head together and works on the next steps as it all seems a bit confusing now. Get this thing back on track and unlock the potential of our tenements. Once funding is sorted, a forward plan of action is required quickly to reinstall confidence.
As for the market reaction, I wouldn't be surprised to see a smallish rally into a CR. Personally, I would prefer a JV of some sort as I don't want MAG to end up with hundreds / millions of SOI.
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11.0¢ |
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Mkt cap ! $41.98M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $10.28K | 96.62K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 75430 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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11.0¢ | 246556 | 8 |
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No. | Vol. | Price($) |
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3 | 75430 | 0.105 |
1 | 199800 | 0.100 |
1 | 10000 | 0.099 |
2 | 70000 | 0.098 |
1 | 20000 | 0.097 |
Price($) | Vol. | No. |
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0.110 | 226556 | 7 |
0.115 | 4750 | 1 |
0.120 | 115983 | 3 |
0.125 | 274320 | 4 |
0.130 | 730785 | 2 |
Last trade - 14.27pm 02/05/2024 (20 minute delay) ? |
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Change
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