MAG 2.35% 8.3¢ magmatic resources limited

It's hard to love it at the moment, last drilling took too long,...

  1. 1,771 Posts.
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    It's hard to love it at the moment, last drilling took too long, they need money soon and the prospect of raising capital at current sp is terrible, no real indication what the next move here is as the guys are just studying the geology via the latest drill results, I'm no geo, but how much can you learn from a single shallow hole in an area? How long does it take?
    I think it's unlikely we will hear anything this year, meaning early next year we get a plan of attack, then 3 months to execute and get assays back if we are lucky, probably with a terrible cap raise along the way.
 
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Last trade - 15.49pm 27/05/2024 (20 minute delay) ?
Last
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