...Spot on Needle.
The best thing that could happen to MGX is a rail upgrade....and after a few years of waiting....we've finally got it.
This will lead to improved transport efficiencies, and of course much greater tonnage.
MGX does have a PR problem, but this is nothing new. It was tremendously undervalued in the mid teens, and is still undervalued now.....however this will start to correct now that MGX has the proven runs on the board.
MGX has had many doubters over the past few years...many sceptics...many who questioned what they were doing and whether they could pull it off.
The 4th quarter result is the best answer to all of that...
I've still got every one of my 9 cent shares from Jan '03......and with this announcement I'll be holding them for some time still.
Cheers
Rosco
results out - look at last quarter, page-16
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Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |