Yes, BUT GRR has gone up 400% and MGX has gone down 50% over a 2 year period.
MGX definitely has more chance now of going up at this stage since it went down so much.
I'm not complaining as I bought many MGX at 35c and most of my MGX shares at 40c although my first small bite was at 83c odd. So I'm happy to hold MGX back to $1.
If you want to compare stocks , then compare the 10c GRR divi a few months ago and another 2c divi that will be announced this week thats more than enough for me. Just think of all those delicious Franking Credits.
No doubt MGX will keep powering on, as it should. Too many skittish shareholders these days, buying MGX at 35c was a no brainer.
MGX Price at posting:
57.5¢ Sentiment: Hold Disclosure: Held
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