Hi Rod, Flying Roo, Von, Daz and all,
I see in the announcement (ASX News) that Magna are now down to 165 K convertible notes and at the current price that’s around AUD $13,000.00 given the recent turnover I doubt they will have much of an affect over the company from now on!
I understand that Todd is off presenting to Australian brokerage houses in Perth, Adelaide, Melbourne, Sydney and Brisbane sometime this week clearly; he has plenty to tell them going by the last few announcements. I’m sure many here will join me in wishing him luck with his presentations; hopefully we can also find a home grown benefactor as well as me to support the company going forward.
Whilst the falling value of our dollar is good news for any WA production I dare say it is making the exploration work overseas a little more expensive for us; however, I suppose in the long run if we can define a decent size commercial resource this will be of little consequence. The visible gold panned so far from the surface over a length of 2,200M is very encouraging; however, it would be nice to have some drill cores showing colour for a few hundred Meters!
Hopefully the flow of news and announcements will continue. Has anyone got their ear on the ground in WA?
Cheers and very best regards: Andy
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