I would think that any decent base material acquisition is out of the question now. MGX can no longer afford to buy a good asset, maybe an exploration asset or a joint venture. MGX has lost all opportunity in buying a first class Tier 1 or even Tier 2 or 3 asset.
At least MGX should be making money with 65% IO at US$138.70/tonne the highest price in 7 months. As long as there are no more stuff-ups.
Price Chart- MGX, page-314
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Last
42.5¢ |
Change
-0.015(3.41%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.0¢ | 42.5¢ | $1.082M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 107710 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 54344 | 4 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |