I would suggest the opposite, cash is king in such a situation.
They are undervalued to the tune of $100M and they still have small production.
Basically now this isn't an iron ore stock but an asset play.
Solid as a rock, page-13
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $380.7M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.8¢ | 30.8¢ | $304.1K | 975.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 388299 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 113411 | 23 |
View Market Depth
| Last trade - 13.09pm 29/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |