What are peoples thoughts on the share price at the end of August once results are released?
My prediction is 90cents, slightly over 100% increase vs todays price. MGX is a real cash cow now and iron ore prices are fairly steady. I'm expecting a dividend announcement. 2.5cents is only 30m from the bank account, 5cents is 60m which is small for this cash cow.
End of March, cash/investments balance was 83m vs 111m end of May (an increase of 28m in 2 months or 53m if you include the cash used to pay off the credit facility).
Share price end of August 2023
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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 |