MAG 0.00% 6.2¢ magmatic resources limited

Ann: MAG Alkane Proximity, page-19

  1. 3,903 Posts.
    lightbulb Created with Sketch. 360
    Well Im thinking about it, but something isnt right here, and I dont have time to figure out what.
    I think someone is maybe competing for a cap raise and trying to achieve a lower vwap maybe. (Late trade pushed price down 9%, why??) Perhaps a J.V being negotiated, who knows..

    But this is too cheap and I dont know why. Is the geology so much different to Alkanes Boda strike??... They must have a target or two uo their sleeves..

    Goldfields on the register, AQX which I also hold drilling away next door, with probably 15-20 mill of their market cap attributed to their Molong targets..

    So we are at 1/3 the compartive price I estimate..

    So tempting, but I feel I am missing something??
 
watchlist Created with Sketch. Add MAG (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
0.000(0.00%)
Mkt cap ! $25.85M
Open High Low Value Volume
6.1¢ 6.2¢ 6.1¢ $1.34K 21.85K

Buyers (Bids)

No. Vol. Price($)
1 16666 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.3¢ 7500 1
View Market Depth
Last trade - 15.44pm 16/08/2024 (20 minute delay) ?
MAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.