From an outsider looking in (Hoping to become an insider) I...

From an outsider looking in (Hoping to become an insider) I thought I’d post some thoughts. (It’s amazing what a bit of research does). It was only a year ago that the previous CEO got bumped. Talk at the time was that it was the end of the world. The SP at the time was 6.4c which is interesting in itself. Neil was appointed not long after. Juicy performance rights were issued, Roughly 12 months left to deliver to receive them. A nice $5m CR completed a year ago that is more or less gone by now. SP hammered in the mean time, plunging to lower than 2c and not recovering until only this month. So to put where Magnus is in perspective the massive Mitsubushi Ann on May 11 got the ball rolling and the follow through is only just being seen. Considering not long before Dano got bumped the SP was between 8-9c and in the mean time Iron Ore sentiment has improved a lot it seems that Magnus was just being whipped by the good old ASX for all sorts of reasons. From my point of view Magnus’s valuation may be held back until day to day funding is secured (Even better project funding!) but with so much in the pipeline over the next few weeks I can see why it has started its run from the punishing lows.