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.
MGX has noted to be on acquisition trail with free cashflow...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $368.5M | |||
| Open | High | Low | Value | Volume |
| 30.3¢ | 30.3¢ | 30.0¢ | $27.81K | 92.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 284163 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 259079 | 14 |
View Market Depth
| Last trade - 11.02am 18/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |