What expertise does MGX have at re-establishing a loss making retail business that would be in direct competition with both online 9Kogan) and existing profitable electronics stores (JB hifi ) ?
That would be like the buy out of Hanover finance by Allied farmers which was a disaster .
Better to buy out a gold developer/explorer or better still wait for the resource cycle to hit bottom in a few years and in the interim by US treasuries .
Maybe if they had an interum director like Rodney Duke from Briscoes he could evaluate the likes of Dick smith on behalf of MGX.
Take over Dick Smith at very cheap price., page-4
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31.3¢ |
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
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