Ann: Magmatic Board Changes, page-143

Interesting to see the SP action post this op announcement.

Just proves all the theories and comments on recent SP being blamed on ‘Poor Leadership’ , ‘Lack of Direction’ , ‘Lifestyle Company’ etc etc was all just pure noise….

Whether positive or negative, if the market was critical of leadership, change is almost instantly reflected in sentiment and company valuation.

For MAG, whilst overall sector is down, the SP and MC has fallen since Peters resignation. Now either the market is not confident in Adam, or the market was not critical and dissatisfied with Peters management and performance.

I wish Peter the very best and welcome Adam, however can only laugh at those so critical and vocal that management were the reason for the decline in SP / MC and a change of management was required to turn it around…. Hahahahahaha