MAG 5.88% 4.8¢ magmatic resources limited

MAG Chart, page-309

  1. 840 Posts.
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    Nothing but very slow sideways accumulation occurring below 10c. Downtrend still remains until 10-11c is engulfed. Typical market behaviour- pumps stock to 25c on chalcopyrite visuals with no assays on a porphyry target, yet remains disinterested on the drilling of an old high grade mine with multiple +50g/t rock chips and promising mine extensions, ie. on a lower risk context than the one at Rose Hill. EV at a level now where PD could probably sell Myall and Parkes to realise a higher value than the EV...

    Market will notice soon, perhaps on results. Downside probably 8.5- 9c on dusters, upside likely +100c on the discovery of a nice epithermal deposit

    https://hotcopper.com.au/data/attachments/3782/3782417-a118b07a9276d00f479cd173c32b5235.jpg

 
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4.8¢
Change
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Mkt cap ! $20.01M
Open High Low Value Volume
5.1¢ 5.1¢ 4.8¢ $70.60K 1.437M

Buyers (Bids)

No. Vol. Price($)
2 3133 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 124706 1
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Last trade - 15.27pm 01/11/2024 (20 minute delay) ?
MAG (ASX) Chart
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