Indeed, very positive. Seems like as a shareholder we need to hold now until mining commences at Koolan Island. Should be some solid cash flows when up and running. Also the fact that we still have 470M cash at the bank is mind boggling. HALF A BILLION dollars.
If anything what I'd like to see between now and then is MGX start using this A$0.5billion to acquire some other assets. Vanadium, Cobalt, Graphite, Copper etc. Anything like that should do well. Perhaps they are waiting for a crash to pick up assets super cheap. But if we are in a new bullish mining cycle then they could be waiting a while.
Ann: Quarterly Activities Report, page-3
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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 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
