MAU 4.32% $1.15 magnetic resources nl

Few stats, - A mineable resource is already there, close to the...

  1. 326 Posts.
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    Few stats,
    - A mineable resource is already there, close to the surface, 0-150m deep off memory. It continues to expand with further drilling - have a read of the half yearly report and accounts.
    - It's tenements are in between two operating gold mines.
    - Management are experienced and on point, none of this pointless announcements every two weeks to try and fluff up a short term share price like a lot of these shifty WA companies do.
    - Dale Alcock increased his stake 15% to a total of $12million recently.
    - Has no debt.

    I'm sure there's other elements but I researched this one a while back. Will be holding long term, was expecting a takeover but who knows really (hopefully someone can add updated company stat's)

    Hope that helps
 
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