Yeah free, as soon and I wrote that reply I saw wgly’s post and...

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BrightGreenGlow

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12/03/25

11:56

Post #: 78231390
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Originally posted by Goodheart: ↑

Hi BrightGreenGlow,

Yes, kudos to the BoD for managing our funds frugally by buying back at a low price.

I would much rather they buy back at a low price rather than go in there like there is no tomorrow which would likely only produce a temporary spike in the share price . . . which would benefit passing by opportunistic traders. . . and not the long term faithful holders. To this extent I 100% applaud the BoD.

However, when examining the volumes traded each day, I do see many days where there was room where the broker could have bought back significantly more at the same low price.

The big problem is that although the intent is to frugally buyback at the lowest price, the BoD, who even described themselves as opportunistic, are missing the opportunity to buy back more at the current temporary low price because the share price will soon be rising again due to the switch is now completed with strip ratio now less than 2:1, cyclone season is over and we are once again back on track for resumption of rapid cash build (as stated by Peter Kerr).

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Yeah free, as soon and I wrote that reply I saw wgly’s post and data…. Then was thinking yeah they could do way better!!

MGX Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.000(0.00%)		Mkt cap ! $318.4M

Open	High	Low	Value	Volume
27.0¢	27.0¢	27.0¢	$11.86K	43.92K

Buyers (Bids)

No.	Vol.	Price($)
14	919945	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	386303	17

View Market Depth

No.	Vol.	Price($)
14	920515	0.270
9	365589	0.265
8	375626	0.260
4	264002	0.255
6	77000	0.250

Price($)	Vol.	No.
0.275	386303	17
0.280	325904	16
0.285	267727	10
0.290	89145	4
0.295	217565	6

Last trade - 10.51am 16/06/2025 (20 minute delay)

MGX (ASX) Chart

Yeah free, as soon and I wrote that reply I saw wgly’s post and...

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