Ann: Quarterly Activities Report for June 2016 Quarter-MGX.AX, page-43

Can only agree mongrel.

I do believe there will be something provided to shareholders come final year results.

Regardless, i'm happy to wait for a decision on an acquisition, however get the feeling the company is still keen to pursue the rebuild of KI. If we are now at 'the new normal' for IO prices, then I can't see Mgx going ahead. It would be a large investment, and risk, at today's IO price, even allowing for the quality of the product and reduced shipping costs.

Whilst i know they have EH/IH to occupy them for a few minutes a day, my read is that they are simply, happy to play time - wait to see what happens with the IO price, wait to get more detailed engineering plans/specs on the KI rebuild, wait for the BI claim, wait for more acquisition opportunities......, all the while hold a large cash pile. One issue for them with this position will be their investment returns will reduce as interest rates look to continue to drop.

As i have previously posted, "We are essentially investing in an interest bearing account atm, which occasionally dabbles in IO sales.....".

For me, the big question is will our major shareholders be prepared to idly sit by with this neutral stance by the company.... Let's keep an eye out for any movements in this regard.

GLTAH.