What are peoples thoughts on the share price at the end of August once results are released?
My prediction is 90cents, slightly over 100% increase vs todays price. MGX is a real cash cow now and iron ore prices are fairly steady. I'm expecting a dividend announcement. 2.5cents is only 30m from the bank account, 5cents is 60m which is small for this cash cow.
End of March, cash/investments balance was 83m vs 111m end of May (an increase of 28m in 2 months or 53m if you include the cash used to pay off the credit facility).
Share price end of August 2023
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $534.5M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.5¢ | 43.5¢ | $178.2K | 404.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 240727 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 436449 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
44.0¢ |
Change
0.005 ( 0.57 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 44.5¢ | 43.5¢ | 123351 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| MGX (ASX) Chart |