MAG 5.00% 5.7¢ magmatic resources limited

Ann: Trading Halt, page-31

  1. 6,214 Posts.
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    If it is $5mill at 30c thats a reasonable outcome. Keeping the register tight with only an additional about 17 million shares . On that basis would probably normally open at 35-36 cents when TH is lifted, however the wild card now is the ALK announcement which would throw fuel on the fire. If its halfway good I imagine MAG back at 40c+ on market open. I'm guessing the $5mill will enable fast tracking of the drilling rather than wait for the options exercise in May. I'll bet there is some frenetic activity going on at LadyIlse to refine the drill targets
 
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5.7¢
Change
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Mkt cap ! $25.02M
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6.2¢ 6.2¢ 5.7¢ $1.324K 22.35K

Buyers (Bids)

No. Vol. Price($)
1 145943 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 202480 2
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