MAG 5.88% 5.4¢ magmatic resources limited

Ann: MAG to re-focus on East Lachlan Assets, page-35

  1. 1,037 Posts.
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    Good luck to you Kalinda! Everyone has their own investing strategy. You are indeed right that MAG is a fairly tightly held stock with less than 120M shares on issue and management hold a significant proportion. There will always be profit takers though and those that are very short term investors. With the rapid rise in share price I'm hoping there is a consolidation that starts to build at a level that I have in mind where I'll jump aboard. The danger is I might miss out too .... but willing to take that risk at this point.
    Very happy with my fill on AQX & CWX and sitting nicely in the green on those even though CWX has risen but hasn't really run yet. Watching a few others at present like DEV, GSN & of course MAG. I like all of these for various reasons and they tick a lot of boxes but watching for now and will take up a parcel given the right entry point.
 
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