A 1 million buy order at 1c with subsequent accumulation at 1.1c on Friday shows that somebody has confidence about the near future of this company
As mentioned, there is a 2-3 week window for management to achieve something of substance before Magna receive their next round of shares - perhaps talks of an acquisition is really coming soon?
MC currently sitting at $2.75 million - a decent acquisition can likely steer the value to $10 million (or a share price of 4c which happens to be last year's technical resistance)
A 1 million buy order at 1c with subsequent accumulation at 1.1c...
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