For anyone who hasn't read/listened to MGX teleconferences, an analyst asked Peter in their teleconference about the fact that 5% seems small. Peter said it's a starting point.
I don't think MGX management is great at buyback, but I'll hope for a bigger share buyback as long as their share remains undervalued.
A good acquisition in the current market using cash (which Peter said they'd mainly use cash for acquisition), or LOM extension, then if there's still plenty of cash remaining, an extended / greater buyback would be the best scenario.
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $442.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $419.7K | 1.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 278233 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 1830088 | 6 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |