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3.51% 5.9¢ magmatic resources limited

Ann: Magmatic to demerge Moorefield project and IPO, page-124

  1. Green Bull
    5,703 Posts.
    lightbulb Created with Sketch. 8027
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    06/10/20
    15:56
    Post #: 47887463
    Thanks Von - you are correct!

    Means that the 18% dividend/capital return/etc goes to 9%!

    AGC will likely be mostly owned by current MAG holders anyway via their priority entitlement for new AGC shares.



    Looking forward to the DD14 results (next week is mid-October so almost there) - RC10 hit plenty of mineralised sections and some with ore grades.

    Hopefully one good long section from DD14 but either way, they're closing in on the source.

    Cheers,

    GB.
    MAG Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 10  Upvote
    lightbulb Created with Sketch.  Great analysis
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