Well they have the cash and are in a position to negotiate which...

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Samsonrises

834 Posts.

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17/06/25

14:42

Post #: 79464615
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Originally posted by Goodheart: ↑

"negotiations can pan out for sometime"

Hi Samsonrises,

I agree, Peter made it clear that the buyback would be halted in the case of negotiations (that's on record in a recent audio on the MGX website)

Adding to that, is Brett Smith making it clear that any feasability studies need to be scrutinized (something Brett is good at).

Brett also added that setting up processing plants can be complicated, sighting an example of a plant where ore had to go through 15 processes.

If we were looking at another simple dig rocks and crush them venture, then most likely we would not need the services of someone with the expertise of Brett Smith.

If indeed we are looking at a pivot into a bullish commodity, then even while we set up a processing plant it will be value accretive even while still in the ground.

Brett is very bullish on tin, but Brett also has experience with gold

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Well they have the cash and are in a position to negotiate which I believe is only a matter of time if it is of magnitude then CR is possible including taking on debt.

MGX Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 26.0¢		Change -0.005(1.89%)		Mkt cap ! $306.6M

Open	High	Low	Value	Volume
26.5¢	27.0¢	26.0¢	$389.8K	1.489M

Buyers (Bids)

No.	Vol.	Price($)
1	107351	26.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.5¢	30000	2

View Market Depth

No.	Vol.	Price($)
1	107351	0.260
9	601202	0.255
13	1019500	0.250
1	250000	0.245
3	244170	0.240

Price($)	Vol.	No.
0.265	30000	2
0.270	189789	4
0.275	731908	8
0.280	339525	8
0.285	243981	7

Last trade - 16.10pm 19/06/2025 (20 minute delay)

MGX (ASX) Chart

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