Email the MD, Luke Tonkin, and ask him. I suspect they need to come out with a bolder vision. They have already indicated becoming a 15-20 million tonne per year IO producer via acquistion/s. I think need to tell the market something in this regard. You will note Fortescue, Murchison, Gindalbie, Mid West etc all have strong Chinese interest. MGX stands alone at the moment. No real Chinese interest since Shougang was forced to walk, nothwithstanding APAC's 20.3% stake in the company. It's off the radar.
why is mgx floundering, page-6
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $516.3M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 41.8¢ | $290.1K | 684.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22487 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 180392 | 6 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |