AUL 7.25% 32.0¢ austar gold limited

Ann: Visable gold and commencement of mining at Rose of Denmark, page-56

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    Hotrod65 , forgive me for asking but could you explain Magna a little better for the the less informed like me? I have looked it up and it seems to be some sort of loaning arrangement? I am in the drilling/surveying game so I understand the mining/drilling technical stuff. Since I have held this stock they have run up to 1.4c and down to .05c. Any information would be appreciated?
 
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