I think most of you are missing the fact that while it is cheap, this is simply NOT a buffett/graham investment. A mine depletes (MGX more so than others). The strip ratio increases and there is literally no more ore in a few short years!
MGX really have to let the market know where it is going in the future and what its going to buy? While AU sector might be expensive, I think buying something that they can capitalise on Geraldton allocation is key. If they go and buy something in Africa (no matter how good it looks) - I would suggest they are seriously taking the wrong approach but what do I know....
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Last
43.3¢ |
Change
-0.008(1.70%) |
Mkt cap ! $529.9M |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 43.0¢ | $257.7K | 592.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1141198 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 51415 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1241100 | 0.430 |
9 | 115405 | 0.425 |
12 | 207601 | 0.420 |
7 | 92486 | 0.415 |
10 | 119490 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 117364 | 32 |
0.440 | 86144 | 12 |
0.445 | 141123 | 12 |
0.450 | 222104 | 7 |
0.455 | 189084 | 8 |
Last trade - 13.03pm 10/07/2024 (20 minute delay) ? |
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