Firstly i dont think a suggestion here on this thread is likely to influence whether they do or dont launch a takeover.
secondly if you were alert you would know that the little spec stock is already the subject of a takeover. So Todd corporation which is the richest family in New Zealand are trying to buy/steal the resource for an obvious reason, 1 billion tonnes of iron ore.
thirdly there is a reason MGX has $345 million in the bank and the company is valued at less than that cash value. If they dont expand their resources then the business has no future. The share price tells you this. If you sold mgx and bought FMG you would have doubled your money.
Im glad you enjoyed me coming on to the thread.
Thanks for the chat
under valued, page-101
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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 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
