MGC mg unit trust
Add to My Watchlist 0.00% ! 43.0¢

Catching the knife

  1. bacci
    12,802 Posts.
    lightbulb Created with Sketch. 246
    clock Created with Sketch.
    12/05/16
    11:35
    Post #: 17745837
    I have a few of these I got in the float.
    I am thinking of buying some more but wondering where the bottom might be. Clearly well under a dollar.
    There are many things to ponder but the biggest is that MGC is borrowing money to pay to irate farmers who have the choice of whether to repay it.
    I am guessing 50c, any more logical suggestions, perhaps based on the NTA of the business.
    Bacci
    MGC Price at posting: 97.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS CLEO receives positive FDA feedback supporting ovarian cancer test pathway
right-arrow Created with Sketch.
NEWS New channel sampling confirms further copper at Graceland, Namibia
right-arrow Created with Sketch.
NEWS Where the Australian property market resurgence is heading and why it matters now
right-arrow Created with Sketch.
NEWS Marquee declares maiden antimony resource at Eastern Hills with phase two exploration to commence
right-arrow Created with Sketch.
NEWS Gateway acquires interest in strategic Glenburgh South Gold Project in WA
right-arrow Created with Sketch.
NEWS Drilling to commence at FAU’s Gimlet high-grade gold project following approvals
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.