I think that MAG management that in the past had been awarded almost god like status by some posters up until now, are now starting to show their flaws.
Firstly it was inexcusable to start drilling with a rig that couldn't do the job on such a high profile drill intensive project. Secondly the original diamond core hole 20L1DD001 was not a bad hole, It was described in the announcement on the 3/6/20 suggesting the drill hole had intersected the margin of a large gold copper Porphyry system. If this was the case it needed to be fleshed out, not undertake a gamble drilling holes 600 to 1200 meters away & others drilled further still at Boda North, holes that needed to be drilled in another year. The management had lost its focus and as a result we may be two months behind where we should be, with a capital drain & a negative effect on the share price.
If a gamble is required I would suggest putting a diamond core into the old Anglo hole at Rose Hill where 71m @ .03 au & 0.43% cu showed up. All is not lost however, I believe MAG is as good as it ever was and that management have seemed to have regained their focus with hole 20L1DD014 what seems to be in a good spot.
- Forums
- ASX - By Stock
- Ann: Lady Ilse RC drilling returns highest grade Au-Cu results
I think that MAG management that in the past had been awarded...
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAG (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.0¢ |
Change
0.001(1.69%) |
Mkt cap ! $25.02M |
Open | High | Low | Value | Volume |
6.0¢ | 6.1¢ | 6.0¢ | $31.43K | 523.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14448 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 86084 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.058 |
1 | 17543 | 0.057 |
2 | 31857 | 0.056 |
2 | 48880 | 0.055 |
1 | 18530 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 86084 | 1 |
0.066 | 74158 | 2 |
0.069 | 80000 | 2 |
0.077 | 7250 | 1 |
0.080 | 6100 | 1 |
Last trade - 14.30pm 13/09/2024 (20 minute delay) ? |
Featured News
MAG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online