the above post is not based on reality Look to the gold sector...

the above post is not based on reality
Look to the gold sector to see how the mid caps in Aus benefited by buying assets off heavily indebted companies
Furthermore, if companies a capital starved as you suggest, then they will equally need funds desperately. This makes the resource sector a buyers market. were are the facts to support your comment about thousands of investors looking for assets around the 300m level come from, last I looked, dividend were being cut, capex reduced, others going belly up, forced sales ( AWE) (ORG) Glencore etc desperate CRs (TAP)

Furthermore, MGX has been looking for a year , and that tells you they are not looking for anything, they have strict quality and profitability hurdles that must be met

MGX is in the box seat, one of very few mining companies with cash at the level were decent projects can be bought. even if they didn't buy an undervalued assets but bought one at fair value, then the SP would probably rerate to reflect the asset value and will be high 20s low 30s not 18.5c