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clock Created with Sketch. 08/06/16
22:02
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Originally posted by Autosime
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Perhaps my post was a bit harsh . Why I get frustrated is I think we as shareholders sometimes oversimplify how hard it is to make Strategic moves. Don't forget that another than about the last 4months , the IO price was in free fall and MGX needs to be thinking about the next 5-10 years. The cash balance although great needs to be offset against liabilities and fortunately these have fallen substatianaly as cash has increased, but it's the last 2 months whereby I can say MGX has room for some capital management as relative to 12 Months ago liabilities are about 30M less and cash about 30m more. I don't think they are hoarding cash , i think they are looking for good value opportunities while recognising these opportunities is what will drive future earnings a lot more than IO earnings.
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Well done Auto. Wondered where you you going earlier today..... Needed a coffee??
(20min delay)
