..last couple of days show some emotional trading for MAG. While I understand the disappointment, I see this as way oversold. All these explorers are very risky with a greater likelihood of failure than success on each individual target. The payoff for a find needs therefore to be multiples of the price for an investment to make sense. What are the odds......maybe worse than 6 - 7 to 1 ? I guess everyone has their own view, and this depends on the neighbourhood, initial groundwork, and the team in charge. For me MAG was worth a punt as it has multiple (8) drill ready targets in 3 good areas, have groundwork, and have a team who know the area. For me this improves the odds of success from day 1 in 6 to perhaps 1 in 2 or 3. Do I expect 8 drill hits and 8 mines? No. One would be a success! So what has changed with this one drill result? For me not much. It reduces the likelihood of that particular target being a find. That means 3 more targets to explore in that area, and 4 more across the other 2 areas. For newcomers - current price is a bargain. GLTA
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Last
5.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.77M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 25181 | 5.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 16409 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 25181 | 0.057 |
5 | 145682 | 0.056 |
5 | 373361 | 0.055 |
3 | 385660 | 0.054 |
1 | 65000 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.063 | 16409 | 1 |
0.065 | 10000 | 1 |
0.068 | 12000 | 1 |
0.069 | 9000 | 1 |
0.070 | 30303 | 1 |
Last trade - 16.12pm 27/06/2024 (20 minute delay) ? |
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