Every single QR for the past several years (with the exception of the most recent QR) have stated looking to invest in iron ore, metallurgical coal, bauxite, copper lead and zinc primarily focussed on WA / Qld. One or two of those QRs included precious metals.
Also for many years the QRs have stated an interest in 5 juniors which MGX recently stepped up investment from $5m to $17m. The QRs stated juniors that with some capital could turn into a producer.
Such guidance of future investment was scrubbed from the recent QR, the release of which coincides with the appointment of Brett Smith as chairman.
MGX Price at posting:
30.0¢ Sentiment: None Disclosure: Held
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