it’s great having a reserve, of course, but to hoard 450m is crazy. So many opportunities have been missed! The first, as I’ve often written, was to buy back there very cheap shares. They were below 20 cents a few years ago. This would have used only a fraction of cash , and as much as 20 percent of shareholding could have been bought . Even if they just bought shares in fmg , be conservative, if you choose, but to do nothing is inexcusable!
Investment Oppurtunities, page-17
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.5¢ | 40.0¢ | $614.1K | 1.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 42537 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 58325 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |