Agree.. but i think the div mid year will be decent
the concern is ore... we need more! I have no doubt management is looing at some potential suitors atm. The question is at what price are we going to need to pay.
The company has hinted they are looking at assets in BFS stage . so the price will be quite cheap.... as long as most of the drilling is done.
IMO don't expect a 200 million tonne deposit to be bought... MGX has shown there is nothing wrong with mining a high grade low quantity reef through K island and TP.
My gut says they will buy a coal asset .. then the CO will fall very quickly into Chinas hands.
If we ever see a takeover.. I will be selling my stock straight away... its very doubtful that given the history mgx has had with the FIRB any deal would go through without delays
cheers
Snake
Agree.. but i think the div mid year will be decent the concern...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $142.0K | 473.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 144709 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 27772 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |