MGX 3.39% 30.5¢ mount gibson iron limited

Don’t blame the system, as its here to stay. The demand simply...

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  1. 197 Posts.
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    Don’t blame the system, as its here to stay. The demand simply is not there for MGX shares. Nothing will change until MGX come up with a plan. They can keep adding cash even a BI payout, but we’ll still trade at a heavy discount. Without a dividend or future income the poor little analysts, brokers and funds can’t create a model and thus can’t buy shares to create demand to push the price up. This low SP is only a problem if you need cash and need to sell rather immediately. Otherwise it’s not the end of the world.

    They can give a 1cps dividend paid out of the interest on the cash balance it would cost $11 million a year. That is a small amount and would help the SP without draining cash reserves. Or maybe they should spend some money on GRR shares!
 
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Last
30.5¢
Change
0.010(3.39%)
Mkt cap ! $365.5M
Open High Low Value Volume
29.5¢ 30.5¢ 29.5¢ $42.02K 139.7K

Buyers (Bids)

No. Vol. Price($)
2 104867 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 355340 6
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
MGX (ASX) Chart
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