MGX 1.67% 29.5¢ mount gibson iron limited

Current spot valuation 68c, page-12

  1. 15,774 Posts.
    lightbulb Created with Sketch. 268

    Mongrel
    I didn't ask you to tell me about the amount of deals . I asked you to sight some examples of value adding deals in the areas MGX are looking at. Anyone can buy an asset and you convinently sight the one gold company that has done well but ignore other companies ( including many gold companies ) that have decimated shareholder funds through mistimed , mispriced or problematic assets or company acquisitions.

    MGX has a clear focus on what it wants to acquire -
    Base metals is the key focus . Need to be near or in pr0duction . So, given you are in the resource assessment business , give me a few examples that fit into the MGX focus that were executed at an attractive price.
    Do you know of many/any. If you do, then I will be in agreeance.
    Tokyo , I think the answer is when SP is low , it's low for a reason and in MGXs case , they need assets to diversify earnings into other commodities and provide revenue beyond 2023 . So to me keeping the cash opens up their asssst acquisition universe. Often buy backs don't add value or impact SP. I own gap , and the announced a but back at 41.5c it's traded between 36.5 and 43 and mostly below the buy back commenced price . I think the good alllocation of money will have a greater ST and medium impact on SP and once they are making good money , Mgx has shown it is not afraid of paying a divi
 
watchlist Created with Sketch. 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¢ $350.5K 1.189M

Buyers (Bids)

No. Vol. Price($)
13 127764 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 302574 6
View Market Depth
Last trade - 16.10pm 26/11/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.