MAG 0.00% 6.0¢ magmatic resources limited

Ann: Quarterly Cashflow Report (Appendix 5B) - December 2023, page-11

  1. 1,806 Posts.
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    I've come to the conclusion that they have all their energy focused on a capital investment deal going on behind the scenes, similar to the deal that agc and delin did last year.
    ive concluded this for 2 reasons.
    1- They don't appear to be doing anything else.
    2- I'd they aren't doing this then they have utterly lost the plot, because to turn around now, after no news, no reason for anyone to invest in the short term, and to try raise capital at this share price, with 800k or less in the bank, is just stupid, beyond stupid, it's incomprehensible that they would do a cap raise from this position that they have put us in.
 
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