Same old line stressing their ability to pursue growth opportunities but not showing it with real action.
."Strong cash (and liquid investment) backing with no borrowings, providing protection, operational
flexibility and the ability to pursue internal and external growth opportunities.
• Desired growth in bulk materials and base metals, with a priority focus on Australia"
A dividend record of 309 million over 11 years with retained earnings of 445 million is not something a BOD should be congratulating themselves on.
It is penny pinching the shareholders.
If they cannot pursue and capture an investment then they should hand the piggy bank back to the shareholders by way of a special dividend.
MGX Price at posting:
73.3¢ Sentiment: Hold Disclosure: Held
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