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#Dataroom
Last edited 2 months ago

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

d79367fa4e96a9ab9e573f5c8d5229e1de7201.png

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]

#Business Model/Strategy
Added 3 months ago

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):

39e242de1529081b0e58a6d98d0d112ce97e16.png

Karlawinda (CMM)

106cae57cdc72d1bf90c76d3a8577a5992eca1.png

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


#Management
Last edited 5 months ago

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.