Just let management manage the company. They have got the company to where it is now. It might be prudent to have liquid assets for any unforeseen events and who here knows what “liquid assets” means? You assume in a bank but could this also include shares? To spend $400M to acquire another company is risky as it leaves no working capital. Wait till the waste stripping is finished, the $$ come rolling in and then they can look to spend the cash reserve. Personally, I think it’s very good management.
Just let management manage the company. They have got the...
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Last
41.0¢ |
Change
0.005(1.23%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.5¢ | 40.0¢ | $614.1K | 1.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 42537 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 58325 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |