MGX has noted to be on acquisition trail with free cashflow generating around $35 million a month.
Only a matter of time till Mr Market wakes up to this undervalued stock - no debt and generating huge cash surplus.
Next 12 months if no dividend is given and no joy on a potential acquisition will have close to 1 billion in the bank - not bad for a small mining company.
Also MGX has part ownership in Fenix and generates dividends from this company as well. Also hold 3 satellite investments and potentially further mining in Koolan.
All looking good especially now the bias towards interest rate reduction is a bonus for the equity market and MGX.
Buy Back, page-3
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |