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
MAG Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
