Agreed.
MGX is the best local exposure to a healthy iron ore price at the moment as the low grade pricing bashes the likes of AGO and FMG. FMG's announcement today is quite telling.
I think the apparent discount that MGX is trading at reflects the concern that the cash pile may be sunk into a new investment just as commodity prices are generally higher.
I'd prefer to see MGX to stick to it's knitting and deliver a buyback or big dividend to trigger a revaluation.
Give us our money back!
MGX Discount to cash, page-34
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $350.5K | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
