Very true - but that is the lot of resource company . Spend like crazy when you are making money and cost cut only when things are tight . Irrespective of the correction prices are still solid relative to where they started. BHP mining KI at all , at a time when prices were so much lower highlights the quality of the asset.
Not the first time a major has let go a great asset only to see a junior make hundreds of millions from it
H
Ann: Settlement of $64.3m Business Interruption Insurance claim, page-50
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
