11 ships (or perhaps 12 ships) this quarter does not align with MGX's plan to rapidly build a large warchest to execute their options.
11 ships is barely exceeding MGX's break even / fixed costs.
I see this quarter as a temporary slow down in cash build due to down time encountered upgrading the crusher unit to handle bigger and harder rocks . . . scheduled for completion mid year.
With the crusher upgraded to crush bigger and harder rocks I Iook forward to MGX being back on track of rapid cash build.
11 ships (or perhaps 12 ships) this quarter does not align with...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $252.7K | 971.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99998 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 195671 | 9 |
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| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |