MAG 0.00% 6.6¢ magmatic resources limited

Ann: Magmatic raises $5m for drilling Copper-Gold targets, page-100

  1. 825 Posts.
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    Roughly 8.5M shares have traded hands between 11c and 10c over the past few days. For reference MAG would rarely trade 1M shares a day. 10c is like a big black hole and all shares offered at that price swiftly disappears.

    Short-term speculators hastily throwing in the towel to the patient investors like myself. There is a reason why value-investors always seem to have more capital. Good time to average down. Priced as if the current drill program and future drill programs will all be absolute dusters.

    All in my rational opinion. GL
 
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