Ann: Quarterly Activities Report for June 2016 Quarter-MGX.AX, page-41

It is absolutely essential that management semaphore what they intend to do with our war chest. So far, they have:
1. Indicated they will assess the business case for the restart of KI
2. Assess new business opportunities in the mineral commodities sector.

Whilst the company is awaiting completion of the insurance claim and any new business development is, by definition, commercial in confidence, management must, nonetheless, provide reasonable updates to shareholders on progress on these outside the statutory reporting requirements.

If the company cannot acquire an attractive business, MGX must consider a capital return to shareholders. I wouldn't expect any movement in this area until the final outcome of the insurance claim is known.

What the directors need to understand is that the shareholders are actively interested in where the company is headed. We are keen to understand how the value of cash reserves will translate to shareholder value.