Same old same old

Maybe a good thing I sold (although it was good timing MAU put out more spectacular drill results!)

Then again, maybe I should ask George a question about whether a Reserves statement will be put out?

Thanks to Trav, he managed to pick up the mumbling from George that Genesis and Goldfields are in the Dataroom.

Kudos for Travis for his sharp hearing which I did not manage to make out.

https://x.com/TRAVmoneyofmine/status/1822220868958736756

I also agree on the negatives such as not having a reserve.

But I'm only holding to see how far this deposit goes at depth and the desperation for those companies for extra ounces.

If this trades above the NPV of nearly $1bn I'll be selling.

[held]

Don't usually like writing about gold stocks now but I'll make an exception here because of the similarity between Karlawinda (CMM) and Lady Jane

Lady Jane (Magnetic):

Karlawinda (CMM)

I wouldn't be surprised if Lady Jane turns out to be same as Karlawinda.

Magnetic resources is a gold developer and explorer in WA.

Current CEO is Mr George Sakalidis

Main issue is I can't find hard evidence of the following:

Was part of the team in acquiring tenements leading to the Monty Copper discovery that is now part of De Grussa operations at Sandfire

Was involved in the discovery of the Blackman Deposit - part of Ramelius resources

Even checked that dreaded LinkedIn and only has entries for MAU IMA and MEI and not TLM (Monty), SFR or RMS.

market index profile

Hopefully someone can reconcile his bio as the gold project looks promising.

This is one of the companies I found on my scan last week.