I would think that any decent base material acquisition is out of the question now. MGX can no longer afford to buy a good asset, maybe an exploration asset or a joint venture. MGX has lost all opportunity in buying a first class Tier 1 or even Tier 2 or 3 asset.
At least MGX should be making money with 65% IO at US$138.70/tonne the highest price in 7 months. As long as there are no more stuff-ups.
Price Chart- MGX, page-314
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 28.0¢ | $224.7K | 796.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 132300 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 103176 | 2 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |