Why on earth do they have a DRP going when trading at such a large discount to NTA? Why not buy back?
I like the company but have come to conclusion it's a hard business to value, or at least harder than I thought a year ago given uncertainty around Qinghai that keeps getting pushed out and now headwinds to China property and EV mkt, and frustration management has no articulated plan in regards to capital management.
Why on earth do they have a DRP going when trading at such a...
Add MGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.0¢ |
Change
-0.010(3.13%) |
Mkt cap ! $24.69M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.0¢ | 31.0¢ | $4.249K | 13.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58583 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 11.35am 10/05/2024 (20 minute delay) ? |
| MGL (ASX) Chart |