MGL’s quarterly report for December31, 2018 shows a Net Cash...

MGL’s quarterly report for December31, 2018 shows a Net Cash Generated of $4,528k for the period and $15,364k forthe full calendar year. The average for the previous three quarters was$3,612k.

 

Whilst obviously ignorant ofdetails, I would expect that with the closure of the old Shanxi plant and itsreplacement by the sparkling new plant in Qinghai, there should be furtherbottom line improvements – even with stable sales. I realize other factors playa role. Forward looking I expect further improvements over the 2018 results.

 

What I don’t understand is why theshare price has not moved from the $0.023 to $0.026 range it has been hovering forages when the Net Cash Generated per share is $0.0129.

 

Appendix 3B of 24/01/2019   Listed & unlisted securities         1,190,377,851

Net Cash Generated 2019                                                          $15,364,000

Net Cash Generated 2019 per security                                              $0.0129   

Share price 05/01/2019                                                                      $0.026                        

 

According to the Annual Report 2017,the 5 major shareholders control 57.75% between them (with probably somechanges since then) but the other 42.25% should still provide some liquidity.

 

It has been a long journey and Ihope that my patience will at long last be rewarded. I look forward to theshare price reflecting the progress the company has made.