Anyone else keeping an eye on MGX? 279M cash in the bank, no debt and the board took a 10% pay cut as part of a production cost reduction scheme, last half they averaged $94 a ton in sales with $78 cash cost to make it, with the margin % on the up ( spot price much higher now ) and cost reduction program under way,this looks like a 2-3 bagger over the next 12-18 months.
Just waiting for the selling pressure to be exausted and ill be balls to the wall!
