Ann: MAG to re-focus on East Lachlan Assets, page-36

Hey @Kaffee23, its always overwhelming to begin with, but 10c would seem to be a reasonable entry given the events of the last few weeks. That obviously is not investment advice, but it was sitting around 7c when the demerger was on the cards and it shot to high teens today on the announcement it was canned. That would have been traders at play to a degree, but more buyers did step in when 10c was hit and it did bounce. A cap raise is due, but these guys are smart and you'd think it would be at 8-10c, if not more. So around 10c would be a reasonable entry if it had crossed your mind. As always, make your own calls to buy and sell, its your money, but 10c would most likely be generally accepted as a handy entry given the low shares on offer and management holding a hefty portion themselves. All the best with your trading