At this stage of its development, what would the purpose of a buyback be. If it wants to survive and continue to grow it has to purchase a lucrative business or buy an asset that has lots of Fe but very little cash to develop the site.
Alternatively it just pays out all profits in dividends until it runs out of iron ore.
I just don’t see buybacks at this stage as worth it.
Ship tracking thread - only. Reading is optional, page-529
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $377.1K | 1.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 346472 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 469051 | 8 |
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| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |