MAG going on a nice run ....... on no announcement news!
Will be in the companies interest for share price to reach 30c by May 2020 so the MAGO options are in the money. That would have the potential to bring in some descent funds to help support drilling.
Be interesting to know who's buying at the moment and reasons for doing so? Certainly not afraid of getting their fill and buying at all time highs. The increase in share price and volumes haven't been irregular enough for ASX to issue a speeding ticket and please explain yet. However, can't help but think that something is going on behind the scenes that we are unaware of at present. Be interesting to see whether a big announcement is just around the corner.
Anyway all holders are benefitting at present! Be interesting to see at what share price it starts to level out and form the next support level after the previous consolidation around 17-18c.
MAG Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
