MAG 5.08% 6.2¢ magmatic resources limited

Ann: Trading Halt, page-7

  1. 829 Posts.
    lightbulb Created with Sketch. 489
    It may be a reasonable time to finance with steady news flow to come, as financing terms may prove more favourably for MAG whilst the story remains strong with investors highly anticipating the coming results. Perhaps the directors didn't want to bet on emergency financing after results should the results not prove up, for the terms of the financing could prove company breaking should the SP sell off.

    I should mention that gold sentiment is at very low levels (monthly), however I would expect junior financing in Australia to still be relatively active especially following the stellar rise of discovery plays recently. I would expect the financing terms to be reasonably favourable with such prudent management.
 
watchlist Created with Sketch. Add MAG (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
0.003(5.08%)
Mkt cap ! $25.85M
Open High Low Value Volume
5.9¢ 6.2¢ 5.9¢ $8.775K 142.8K

Buyers (Bids)

No. Vol. Price($)
2 57681 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 12683 1
View Market Depth
Last trade - 16.10pm 27/08/2024 (20 minute delay) ?
MAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.