I did not buy into MGX because of the prospect of a dividend. I bought into MGX because it was valued at a significant discount to cash and has a significant project on the horizon - an asset play (KI).
I can invest cash in the bank and earn 2.xx%, but I can't go out and buy a resource, mine it, and have 30% more money than when I started. That's why I'm invested in MGX. That is when a dividend will make more sense.
I want to see the company do something productive with the cash like buy a compelling project. Until then I am happy to wait. KI will get us through a few more years so we might as well wait for favourable metrics.
I did not buy into MGX because of the prospect of a dividend. I...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $260.1K | 883.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34443 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 377829 | 19 |
View Market Depth
| Last trade - 14.16pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
