Is it just me or does MGX almost seem more like a listed investment company than miner. At the moment they have half a billion dollars of funds under management and earning about 0.7% per quarter on that funds under management (3m / 447M = 0.7%). That's a pretty poor return. Why don't they at least invest in some higher earning investments? What exactly are they doing with this cash long term? any ideas?
Ann: Quarterly Activities Report, page-20
-
- There are more pages in this discussion • 12 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¢ | 29.5¢ | $18.46K | 62.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 281150 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 167058 | 14 |
View Market Depth
| Last trade - 11.18am 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
