I did not buy into MGX because of the prospect of a dividend. I bought into MGX because it was valued at a significant discount to cash and has a significant project on the horizon - an asset play (KI).
I can invest cash in the bank and earn 2.xx%, but I can't go out and buy a resource, mine it, and have 30% more money than when I started. That's why I'm invested in MGX. That is when a dividend will make more sense.
I want to see the company do something productive with the cash like buy a compelling project. Until then I am happy to wait. KI will get us through a few more years so we might as well wait for favourable metrics.
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- Ann: Profit Results for FY2017 and Declaration of Final Dividend
Ann: Profit Results for FY2017 and Declaration of Final Dividend, page-8
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M |
Open | High | Low | Value | Volume |
32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 107146 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 60553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107146 | 0.320 |
5 | 282587 | 0.315 |
11 | 609387 | 0.310 |
6 | 113300 | 0.305 |
7 | 152730 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 60553 | 2 |
0.330 | 109200 | 3 |
0.335 | 157778 | 4 |
0.340 | 156714 | 4 |
0.345 | 217734 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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