MMW 0.00% 7.0¢ magma metals limited.

53.65m @7.58% platinum wow, page-7

  1. 2,144 Posts.
    I am not a knowledgable person just a person with limited knowledge.

    Last year they were doing infill drilling and I get the idea that the market thought they only had around 0.8 m oz s equivalent of Pt.

    From the beginning of January till the other day their have been no announcements and the market has been slowly pushing the price down. They are running out of money so there will be a fund raising in the forceable future.

    This year it is step out drilling and the announcement the other day says the known field is being extended. The report a couple of days before that shows that they are going about they're thing in a very professional way.

    My shares have halved in price and normally I would have gotten out a long time ago but I look at the major shareholders and it's an impressive list so I am still in. If they get a couple of more drill reports like the other day then things will possibly improve. My assessment is very subjective but I hope it will be a goer.

    I am not a technical person, more fundamental.
 
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