By the time KI is depleted Mgx with current iron prices will have close to $1.2 billion cash . They could easily return half ( $600M) to shareholders and used rest to acquire new assets. In other words if you buy today you could have all your money back through capital return or dividend and have a free shot on new enterprise whatever it may be. That’s what prudent management would do for their shareholders if they care. The time will tell.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |