If you ever studied Market Efficiency Hypothesis - there is...

If you ever studied Market Efficiency Hypothesis - there is enough empiral evidence to highlight that whether it is Fundamentalists,Technicals or Chartists none have outperformed.

Warren Buffet drops $65b - go figure!

Some would argue that the share market is a ponzi scheme fearing on each other on fear and greed.

One thing is important if we have ships we have money.

MGX does not suffer much from labour or freight constraints - why Koolan is a necessary evil due to location close to Asia and predominately a truck and excavator bucketing onto a belt and onto a ship.

The deeper we go the costs will drop further potentially dropping to $25-$30 a tonne.

In addition, long term 4 year fixed rates are dropping good for share market and most likely last quarter of 2023 will be a bias towards interest rates dropping.

Need to see the back of the war, major infrastructure spend will be needed for the war torn Ukraine.

Finally, US has set aside 1 trillion towards the infrastructure in roads, bridges as some of the areas/locations are unsafe.

Next year will ascertain what MGX will do obviously is all depended on 65% fe price but we know one thing potentially we have another 34mt to excavate if management decide to excavate that additional 18mt. Notwithstanding, 3 junior companies potential for a major acquisition.

Importantly, the annual report is soon to be churned out to us shareholders look at the share registry and one has to ask the question why did Paradice Investments that focus on the sofisticated investor acquire 100 million shares since the start of the year - was a gut feel by David Paradice or did he sit one on one, eye to eye with Paradice Managers' and MGX whether it was worthwhile to invest in the company.

You decide!