MGX Chart, page-9

$1.4 is a real possibility...I remember when MGX kept falling from 2 bucks and at the time I thought it was a good buy due to the cash on hand and the low P/E ...but it kept falling and the technicals kept me from buying in 
Now MGX is going up and some are saying the rise has been too quick ....look at the work of https://www.clivemaund.com/  and the market is thinking ahead to say 6 months where MGX should report bonanza profits
In regard to an acquisition , except for Cockatoo probably not....would prefer to see some rich dividends and ROC