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9.7¢ magmatic resources limited

Thanks for the interpretation.if we’re going to wait, seems like...

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toneboy

236 Posts.

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07/02/24

06:18

Post #: 72273930
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Originally posted by smulv: ↑

I don't think they can approve a drill program without having the funding to execute it, which is why the hold up. I bet Adam is chomping at the bit to test out his new modelling.
It's fairly obvious that the board has always been concerned about capital preservation and keeping the shares on issue to a minimum, whereas I'm sure Adam wants to have multiple drill rigs going, testing multiple targets at once.
Now they are here, they need capital very soon and the conditions to raise capital are really quite terrible. All we can do is wait.
Unless one of us has a few million bucks to give the company?

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Thanks for the interpretation.
if we’re going to wait, seems like half a salary reduction is still too much cash bleed. This economic slump is showing no sigh of turning around.

MAG Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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Last 9.7¢		Change -0.001(1.02%)		Mkt cap ! $37.01M

Open	High	Low	Value	Volume
10.0¢	10.0¢	9.6¢	$6.568K	66.67K

Buyers (Bids)

No.	Vol.	Price($)
2	25117	9.8¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	58763	2

View Market Depth

No.	Vol.	Price($)
2	25117	0.098
1	161168	0.096
1	1047	0.095
1	70000	0.094
2	80989	0.091

Price($)	Vol.	No.
0.100	58763	2
0.105	20000	2
0.110	652360	10
0.115	13050	2
0.120	1644118	5

Last trade - 15.12pm 22/05/2024 (20 minute delay)


Last 9.7¢			Change -0.001 ( 2.11 %)
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