Tokyo The SP never responds In a linear way to value. There is...

Tokyo
The SP never responds In a linear way to value.
There is nothing for the mamas management to report on at the spot price is volatile and they would be foolish to make market announcements on something so fluid . The cash flow will be released to market in April in the quarterly and I imagine a 10m inflow is very likely
Today's close was simply a function of the index rebalance and I was waiting for it for an opportunity to buy more. I was happy to pay 20.5 or 21 but I figured if I waited to the after market match I could get them cheaper

Tokyo , the good thing is the iO market future is clear on that it will be difficult to make good margins . Knowing that is a big plus for MGX as any decision will be based on a reality that is already clear. So it's almost certain they will move into other areas or return capital. I think Mgx moving into anything else other than IO will see the market reward them with a very quick rerate . The cash means any investment will require zero or little debt which will also be a plus in this environment