Volume is probably anything but irrelevant, based on MAG's...

Volume is probably anything but irrelevant, based on MAG's normal volumes, and not comparing to BHP!

Today's MAG volume is one of the highest in the last 12 months, and there very only a handful or days with higher volume than today.

5 straight days of gains, so someone is excited.

Before the green days, there were 2 red days in a row which decreased the share price by about 16%, and that was on volume that was about 10% of today's volume (ie. super low volume, worth only a few thousand dollars).

So, volume, especially today is "through the roof", and likely not even higher only due to barely anyone selling - pretty much the opposite to when it was going downwards.

Anyway, whatever the reason for the buying, it's a welcome relief for us, and I'm sure for the company in improving their negotiating power with any potential partners, and also it's increasing the vwap and CR price if they did go down the CR route if a deal can't be reached in time.

Also, share price was 14.5c not long ago, and there has been no dilution since then, and we have had a resource estimate announced since then plus more drilling too (and some silence from the company too, but hopefully ends up worth it, via a (good) deal being struck).

Cheers,

GB.