MGL 6.67% 28.0¢ magontec limited

Ann: Magontec Press Release 2022 Annual Result, page-8

  1. 210 Posts.
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    I really like the fact that MGL is debt free now and have a steady cash flow, underpinned by the anode business. In my view there is a lot of blue sky here if the Mg starts flowing. It appears to be a well managed company with quite a long history of operations, so it is not some fly by night show. Paying dividends is a real milestone for the company. It has pulled itself up from the bootstraps and is now a real business, an international player in the anode business at the very least, and possibly a major player in Mg supply and casting into the future.
 
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