Morning Samson,
The comparison chart was purely to point out that despite the two companies being on very different paths last quarter their price action was extremely similar. I can't explain it.
Southdown is literally a couple of cow paddocks with some holes drilled in them. No site infrastructure, no concentrator, no pipeline to Albany port. I don't think they ever completed their proposal to the Port for their wharf and storage area development and I think they'd need to deepen the entrance channel to the Port, also. Last I looked Grange were still asking $1B for this Field of Dreams, almost the same as MGX's Market Cap. What did they say in that movie "The Castle"?
MGX and GRR. Performance comparison Q4 2021, page-5
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |