One likely reason is the market fear of what the BoD decide to invest in.
The reports and public presentations state that MGX is actively critically examining diversification into bulk base metals and precious metals.
The reports and public presentations state that MGX have increased their stake in several juniors where the BoD see as productive or near productive. Recently Peter Kerr stated a possible aquisition as early as 2025.
Another short term reason is loss of sales in the current quarter whilst the haul ramp is relocated to allow access to high grade ore in the eastern end of the main pit.
Ann: August 2022 Koolan Plant Fire BI Claim Finalised, page-19
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |