The benefits of the higher IO price will be reduced due to the rise in costs from $40 to $48-52. This is a result of all the overhead now being allocated to a smaller volume.
Management need to do something to justify their existence or risk eroding shareholder value while we pay for them to sit around doing not much at all.
I have changed my sentiment to hold and am starting to rethink my original investment thesis.
The benefits of the higher IO price will be reduced due to the...
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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 |
