This is just one step to the rerating. The next bigger rerating...

This is just one step to the rerating. The next bigger rerating will come from the acquisition of that resource opportunity we will see a 3 in front of the SP ST and if liked by the market maybe even a 4.
I have read many broker reports on MGX in the last 9 months and nobody was expecting such a payout, so I do believe once the news gets internalised, the next few days will see more buying interest. off the back of this news it should really settle somewhere in the 27-28 range over the next week two

This is a story about the next move, its not an IO story, but it is still being priced as one. These are the reasons why we invest in the sharemarket, mispricings such as these