I can not see MGX buying another listed company....it has enough on its plate at the moment. I do agree a dividend (even a small one is essential) given that is is EBIT positive and has franking credits.
It can take its time in spending the WAR chest......it is in a prime position to take advantage of the many smaller ASX listed companies which need cash...perhaps gold assets here in OZ are worth a look given the low Aussie
MGX Diversification, page-24
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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 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
