The issue that MGX have is one which shuld be the envey of most small to mid cap companies. They have positive net cashflows and no debt.
The reality is that the IO sector for many of the small to mid caps is a minefield at the moment with uncertainty in IO price and when coupled with corporate debt make them very exposed.
MGX is not in this category it has ready cash no debt and a medium term mine life. In reality they are sitting in the best position of just about any mid cap play on the ASX.
57c is good value imo
57c is good value
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $540.6M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.5¢ | $751.6K | 1.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 371734 | 9 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |