I don't think MGX will go from producer to explorer with $500m - likely they will buy a mine with that sort of cash that is in production or close to production which has too much debt that needs a buyer, too small for the current operator or one that the smaller company needs to farm out a % to raise cash and has a decent mine life. The cash cow of Koolan will keep $ flowing for years yet. If you don't like this stock please sell on close and I will lift you
Cash backing, page-7
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Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |