Buy Back, page-3

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.