I hope not. I was happy to get into Mgx at the float and then out a few years later at a tidy price.
Unfortunately got drawn back in when a much better asset (Koran island) was bought too cheaply when AZR were taken out
I want my cash coming back to me, not for management to buy themselves a new mine chasing a new commodity, especially as you point out, one with high capex requirements.
I hope not. I was happy to get into Mgx at the float and then...
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Last
41.5¢ |
Change
0.005(1.22%) |
Mkt cap ! $504.1M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.0¢ | 41.0¢ | $310.5K | 751.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 47000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 20000 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |