Yes pretty simple. As you have demonstrated they have a history of hoarding cash. So once iron ore is derisked (presumably you like the prospects of iron ore as an investor), then the share price will take care of itself. A dividend isn't going to change that so why all the fuss. If you can earn a better return in the bank then why bother with MGX.
Ann: Profit Results for FY2017 and Declaration of Final Dividend, page-10
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.5¢ | $369.5K | 1.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99993 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 180244 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |