The Board is clearly doing a great job.
It is only shorters and people who want to get into the stock a little bit lower who keep talking negative about the board.
Reality paints a very different picture.
The fact is they have paid a 6 cent fully franked dividend in the last eight months. It is its first ever dividend!
ASX:
Code Div Amount Ex DivDate RecordDate DatePayable % Franked
MGX 4c 22/08/2011 26/08/2011 09/09/2011 100% Final 4C FRANKED @ 30%
MGX 2c 30/03/2012 05/04/2012 20/04/2012 100% Int. 2C FRANKED @ 30%
They are reporting great progress.
Expected to produce 10MTP by 2012-2013
They have zero debt.
A balance sheet most companies could only dream about with
650 mill. in cash and current assets.
great management, board=great company
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Last
35.0¢ |
Change
-0.015(4.11%) |
Mkt cap ! $426.4M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 36.5¢ | 35.0¢ | $672.5K | 1.902M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 193719 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 152088 | 2 |
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| MGX (ASX) Chart |