MAG 3.51% 5.9¢ magmatic resources limited

Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-29

  1. 5,702 Posts.
    lightbulb Created with Sketch. 8027
    Nice big announcement, massive volume, cashed up at bank and through JV, drilling to start shortly and lots of it......all unlike the recent MAG haha

    But yeah, as annoying (and crap) as the silence and lack of exploration has been recently, and not helped by most juniors getting smacked in general, they did say they're working on a deal, and they've delivered.

    And pretty quickly actually, as most of the time these things take a lot longer and then most of the time turn out to nothing as an agreement can't be reached between the parties.

    Anyway, cashed up, Adam has figured out the system, $80B Major backer that surround MAG's grounds, in Australia and not in Africa/jungle...let the drilling begin/resume.

    We've been/held through the crap/silent times, so hopefully this is the turning point and we get rewarded for our loyalty.

    Cheers,

    GB.
 
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