MAG 3.51% 5.9¢ magmatic resources limited

Ann: Firm commitments received for A$3.0 million Placement, page-6

  1. 5,703 Posts.
    lightbulb Created with Sketch. 8027
    Looks like a mates/FMG rates raise (FMG also have a bit of a say in the Company now you'd think, with a 19.9% holding/biggest holder).

    Not sure why they raised now, before drilling begins, and we'd probably be at 13-14c by now without the raise, as copper is absolutely flying.

    Or we can say that they're good at the geo side (including the AGC discovery) but not so good on the corporate side (raising at wrong times).

    Cheers,

    GB.
 
watchlist Created with Sketch. Add MAG (ASX) to my watchlist
(20min delay)
Last
5.9¢
Change
0.002(3.51%)
Mkt cap ! $24.60M
Open High Low Value Volume
5.9¢ 6.0¢ 5.8¢ $23.67K 401.5K

Buyers (Bids)

No. Vol. Price($)
1 76688 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.8¢ 12000 1
View Market Depth
Last trade - 15.38pm 28/06/2024 (20 minute delay) ?
MAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.