I believe Mgx are simply waiting on the engineering tests being...

I believe Mgx are simply waiting on the engineering tests being undertaken at Koolan so a better understanding of the requirements of the rebuild of the seawall can be determined.

I have no problems with this.

I would also go as far to say that i believe management have been very prudent in their actions. Koolan is their no. 1 priority and asset - more certainty is required around this. Actually, as i have posted before, if you think about it, the timing of the seawall collapse and the 'collapse' of the io price has been, in some respects, fortuitous for Mgx.

As for the cash and diversification, there are mining co's falling over everywhere due to a lack of cash (look at TON only this week) so i don't believe our management team need to be in any rush to 'diversify'.

Lets get some certainty around Koolan, then if they still wish to diversify, look at what's available over the next few months. I reckon there is still time for all of this and a nice little divi to hand out to loyal and patient shareholders as a reward at the end of this year.

Patience is a virtue. I don't want our company to spend OUR cash just for the sake of it, or because its burning a hole in someone's pocket.

I have changed my sentiment to buy.