The problem is FMG are probably in no hurry whatsoever to get the drill spinning. They got the land they were after and for all we know are in no hurry.
If Adam requires "sign off" from them, then drilling at MAG could be weeks or months away.
However, he does need to pull his finger out now and inform the market what he plans to do at the other projects.
Investors are probably not interested in the measly 25% at Myall now.
Ann: Fortescue to farm-in on Myall & make cornerstone investment, page-60
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Last
5.9¢ |
Change
-0.002(3.28%) |
Mkt cap ! $24.60M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.3¢ | 5.8¢ | $18.61K | 307.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 75000 | 2 |
View Market Depth
| Last trade - 15.18pm 14/06/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.002 ( 4.68 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.2¢ | 5.8¢ | 247959 | ||
| Last updated 15.18pm 14/06/2024 ? | |||||
| MAG (ASX) Chart |