Good try but you have not answered the question, most likely because you realize your original claim is unsubstantiated. I agree that it would take time to benchmark Corp costs, but if you don’t have the answer without research it means your were making a statement not based on facts. I have actually looked at this relative to other companies I have held /been interested in overtime and I know you are mistaken.
One reason why you are not going to see shareholder activism to release cash is because the majot shareholder is jointly looking at acquiring assets which increases the range of opportunities significantly, but also reduces the chance of all MgX cash been used to acquire on asset.
I also believe the if cash was paid out now the value of MGX would drop significantly as you what you have left is a one mine company who’s value is highly determined on future IO prices with no safety net. The So you wouldn’t get the value release you are looking for. In 18 months when KI is fully operational and spitting out significant cash, a special distribution would be more appropriate as the market would have derisked KI, however I imagine at that point if they haven’t already used cash the SP would have rerated anyway and the value realization would have occurred through the SP
MGX Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
