Very true guys and unlike oil companies , MGX doesn't have to keep spending money to find the next field, MGX has reserves that they can produce for years in KI. So the fact they are profitable is a big bonus given than the Seawell rebuild may only be 10-15% if existing cash which will likely be funded largerly by insurance so may require a very small proportion if their massive cash balance
Furthermore their cash is at a level where any acquisition can be meaningful and push MGX back up into a top 200 company
Off market share buy back, page-28
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $296.8K | 964.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
