Patience is the key here AlbertE. Eventually this will re-rate just by shear value of cash (and then on news about how that cash is deployed). It might take six months, it might take a year.
I was reminded of this last night by a very, very experienced mining colleague who recounted a similar situation where Mr Market continued to ignore news for two years - my colleague got impatient and sold (for a small profit) and missed the 5 bagger that it became in the next 24 months.
If you are comfortable that the investment thesis that attracted you to MGX has not changed, then just sit and wait for Mr Market to turn from irrational to rational.
Half Year P&L prediction, page-33
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $552.7M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 43.8¢ | $554.8K | 1.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33551 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 318426 | 5 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
45.3¢ |
Change
0.015 ( 2.14 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 45.3¢ | 44.0¢ | 106691 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| MGX (ASX) Chart |