Anyone else keeping an eye on MGX? 279M cash in the bank, no...

  1. 76 Posts.
    Anyone else keeping an eye on MGX? 279M cash in the bank, no debt and the board took a 10% pay cut as part of a production cost reduction scheme, last half they averaged $94 a ton in sales with $78 cash cost to make it, with the margin % on the up ( spot price much higher now ) and cost reduction program under way,this looks like a 2-3 bagger over the next 12-18 months.

    Just waiting for the selling pressure to be exausted and ill be balls to the wall!
 
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