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3.51% 5.9¢ magmatic resources limited

IPO - Magmatic Resources Limited, page-4

  1. Nomadic_Investor
    1,947 Posts.
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    19/05/17
    13:33
    Post #: 24795498
    A whopping 4500 shares traded in the first hour! Looks like quite a few sellers lined up around IPO price

    Maybe I'm being harsh here because I know it's a tough market at the moment, but I'm putting this as another cross against Patos (along with UUV). Like the article mentions, conditions are pretty favourable one would think for a gold float...and forgetting a stag for a moment, if you can't at least generate enough liquidity on that alone, bit concerning for my mind.

    Good luck to anyone who is holding.
    Last edited by Nomadic_Investor: 19/05/17
    MAG Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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