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
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $350.5K | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
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| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
