Yes, it is best for us long term holders that they buy back as cheap as possible.
It is a pity they did not take the opportunity over the last six months to buy back more shares while they were cheaper than today.
With shipping rates stepping up and resumption of rapid cash build, the SP will likely rise, making buyback more expensive.
I hope we can get Tallering Peak operational again with magnetite concentrate, on last count there looked to be circa ten years LOM there. Tallering Peak was our first mine and much infrastructure is already in place, reducing the costs of a restart.
MGX Price at posting:
32.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)