Stockle - the stock oracle
Sign inCreate free account

MAGELLAN COPPER & GOLD Corp

NYSE:MAGE
US$0.091Close 6 Oct 2026 · delayed

Past year: ▼ 61%(6.89c – 30.3c USD)

Market cap
A$3.3m
Shares on issue
26.0m
Story beats
27 since 2012
Last event
3 Mar 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

1 June 2012capital raising announcement▲ Good

Raised another $25,000 (2,500,000 shares at $0.01), continuing the same pattern of small single-investor rounds.

What it means for a shareholder

2.5m new shares at US$0.010 to raise about US$25,000. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (100,000 at the issue price), your slice goes from 0.263% to 0.247% of the company. To keep it you'd need 6,579 more shares - about US$66 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

13 Apr 2012capital raising announcement▲ Good

Raised a further $25,000 (2,500,000 shares at $0.01) from a single accredited investor for working capital.

What it means for a shareholder

2.5m new shares at US$0.010 to raise about US$25,000. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held US$1,000 of shares (100,000 at the issue price), your slice goes from 0.263% to 0.247% of the company. To keep it you'd need 6,579 more shares - about US$66 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

5 Apr 2012material agreement● Neutral

Magellan Gold paid $10,000 to extend its option deadline on an Arizona mining lease with the Cowles Trust and other owners to June 2012.

Discuss in chat

29 Mar 2012debt financing● Neutral

Magellan Gold filed an amended report attaching the promissory note for the $25,000 advance from John Gibbs disclosed a month earlier.

Discuss in chat

1 Mar 2012debt financing● Neutral

Magellan Gold took a further $25,000 unsecured advance from investor John Gibbs.

Discuss in chat

27 Jan 2012capital raising announcement▲ Good

Raised $25,000 in cash plus converted a $25,000 insider advance from principal shareholder John D. Gibbs into stock (5,000,000 shares at $0.01) — typical of the tiny insider-funded rounds keeping this early-stage exploration shell alive.

Discuss in chat

25 Aug 2011debt financing● Neutral

Magellan Gold, a small Nevada exploration shell, borrowed $60,000 from its President John Power and principal investor John Gibbs via unsecured promissory notes.

Discuss in chat