The stock price should be worth closer to $2 in my opinion.
Look at the market cap and the profitability of the business once the mines are operating year in and year out.
You look at other stocks in retail and agriculture and you can see that some of their stock prices are much higher in comparison.
The management team will get the Shine Mine up and running in 2021.
Also, the management team will be able to buy some more mines next year.
The seawall collapse set back MGX a few years but it shouldn't happen again.
Price Chart- MGX, page-36
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37786 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |