MAG 3.51% 5.9¢ magmatic resources limited

Ann: 110Mt Mineral Resource Estimate for Corvette and Kingswood, page-99

  1. 1,565 Posts.
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    We need a significant news catalyst (like a JV?) and some decent volume to be thinking in the 20's, i cant see it drifting up on no news.

    10-12c base sounds better than my 9-10c although Mr Ming was a keen buyer for 10c earlier in the year and seems to be a strong supporter of the company along with @Silvermarc although I think he might of sold some for a building opportunity, not sure how old that top 20 is.

    I get the feeling a couple of people might be getting "set" for a bit of a run...its pretty good value under 10c. It can run hard on good news as we have seen recently.

    It will be interesting to watch leading up to the quarterly.

    Get the drills turning asap to keep the shareholders happy/interested/motivated smile.png


 
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