Agree with you @danboy8 feel like something has to give soon as...

Agree with you @danboy8 feel like something has to give soon as MGL on paper is the most undervalued stock on the ASX imo.

One thing I feel the market isn't factoring in is the maturity of the company and the amount of sunk capital MGL has in all its global operations. The company is truly a vertically integrated player with 5 globally significant operations: 2 x recycling facilities EU, 1 x advanced Anode/heat pump manufacturing facility CN, 1 x Magnesium alloy cast house 60,000t pa capacity CN, 1 x Advance design and research facility EU, plus offices in AU all paid for and ready to go.

I do feel like the market has put far too much emphasis on the fact that Qinghai was delayed and has missed the fact that the anode and heat pump business is a cash cow. We banked $5.1mill operating cash flow last quarter alone and we have the blue sky of having access to QSLM's low CO2 liquid magnesium without having to pay for the rectification of the plant or pay off debt and even taxes as the company has over $200 million of tax losses to offset against future profits.

A couple of slides I like from the AGM that show the underlying strength of the business:







It has definitely been under the radar big time, but it's good to see the chart looking stella and seems to be breaking out as im writing this lol glad i bought more today!

GLTA