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.
I did not buy into MGX because of the prospect of a dividend. I...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $1.220M | 4.627M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 80012 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 172544 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |