Hi All,
MAG:
For those unaware:
ALK Chairman bought a lazy $1M+ worth of ALK on-market, last week after their discovery news next door to MAG.
ALK ended up 55% or $100m+ higher Market Cap last week after its discovery announcement.
MAG right next door.
MAG in brown and ALK in yellow:
Also MAG Management has been negotiating a great JV for the Company for a while now.
From Friday's ann Management revealed that they:
They received a JV offer 5mths ago from:
A $23B Market Cap Major;
For $10M spend;
For up to 51% of 2 projects.
MAG rejected it as knew could get better for the Company and shareholders.
After ALK's discovery, etc;
I'd expect now each JV to fetch $10M minimum - and the JV's are due any time?!
Cheers,
GB.
April 2019 JV which was rejected:
From quarterly re; multiple JV's being negotiated:
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