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3.51% 5.9¢ magmatic resources limited

Ann: Quarterly Cashflow Report (Appendix 5B) - December 2023, page-16

  1. smulv
    1,784 Posts.
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    05/02/24
    12:39
    Post #: 72240508
    Having said that, by the time they get round to doing it, the share price is gonna be 2c, even a capital injection at 3 times the share price is gonna be a shit deal.

    ill argue black and blue that we aren't without hope that we can get some capital investment and avoid an on market cap raise.
    Will we get a good deal now that the company has done nothing to let the share price freefall for the last 6 months? I think no chance.
    MAG Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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