the case for a buyback, page-9

Special div is the way to go. Much lower execution cost, much quicker and more effective use of funds.

The danger with MGX is that they blow shareholders funds on poor acquisitions. I'd much prefer to just get the cash back and let them run their current assets efficiently and generate more cash.

They must be of some interest to a potential acquirer given the Oakajee port is unlikely to ever go ahead and they have a strategic asset in the Geraldton port.

I'm surprised given this strategic asset, their strong cash flow generation and the cash they have in the bank, that a move has not already been made on MGX.

I think this is one of the most stupid shorts on the market and there could be some real blood spilt over the next 6 months.

Anyway, interesting times