Ann: Investor Presentation - Broker Briefing, page-353

Hi All,

I'm out of the sin-bin - missed ya'll!


Some interesting observations on the recent trading action per below.

Make of it what you want, but if I had to guess, I'd say someone is getting a few (more), without letting the share price go too high (could be just me looking at it too much).


Chart below shows:

- gets bought up big on high volumes then gets forced down to close lower on the same day (ie. where the green arrows are on the chart)

--- 4 May - $1.3M worth gets bought at average price of 19.4c, share price goes as high at 21c, then closed down at 18.5c

---10 May -  $1.1M worth gets bought at average price of 21.4c, share price goes as high at 23.5c, then closed down at 20.5c


- following each of the high volume days, it gets sold down on low volumes/less than half the previous volume (ie. where the red arrows are on the chart)


- 500k single sell order put up at 23c- if you really want to sell, surely you'd break down that order into smaller orders?


- 18.5c looks like good support so should bounce hard, in that current upward channel


- running out of time to accumulate more before Rose Hill results drop in 2 weeks and then more drilling at Rose Hill begins at the same time/week later max (ie. trading might get a wriggle on going forward, especially the closer we get to Rose Hill results)


- and then Lady Ilse diamond drilling begins too, potentially at the same time as Rose Hill (ie. two diamond rigs at two different targets/areas and getting closer to/confirming either/both discoveries


- and then they'll go drill a deeper hole(s) at Kingswood (below that 382m @ 0.2% Cu) and try and hit the high-grade core below the last drill, and get a discovery there too


- and then they'll go drill at the Parkes project and get into proving up another Tomingley there


So, a few things coming up and a potential discovery or two (or three).



As Peter said at that presentation that he did last week at "that place" which I can't mention the name of (while speaking about the Wellington Project (ie. Rose Hill and Lady Ilse)):


"Strategic location around the Boda discovery..."

"we think we're very close to making some breakthroughs there; in terms of significant discoveries"


--> close to making significant discoveries (plural) (and that's just around Boda (ie. at Rose Hill & Lady Ilse)).


SVY & ALK added $250M on A discovery (ie. $1.15 equivalent in MAG share price)- what's the math on two (or more discoveries)?


See how it goes but I'm quietly confident that they will come, one by one (the discoveries).


Cheers,

GB.