MAU 5.41% $1.49 magnetic resources nl

This would have to be just about the lowest profile stock on the...

  1. 1,837 Posts.
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    This would have to be just about the lowest profile stock on the ASX. Positive announcements attract scant interest on HC and ASX traded volumes are tiny. For example, today's announcement only 69k shares traded worth $87k.

    What am I missing? Is the market simply asleep on this one, which looks like an excellent risk versus reward to me? Or am I missing some fundamental flaw with the resource, which looks very good to me, large open pit scenario at attractive grade close to existing infrastructure.

    I'm puzzled as to why it does not seem to be gaining much traction.

    Anyway, I'll keep adding when I can.

    GLTA & DYOR
 
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