mgx look very cheap on paper. Given its so cheap my question is why doesn,t the company launch a share buyback to maximise shareholder wealth, or directors buy some shares themselves? Is the corporate goal of mgx to maximise iron ore production supply for the major shareholders?
iron ore sp is in long term downtrend, why explore new grounds??
mgx look very cheap on paper. Given its so cheap my question is...
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Last
44.8¢ |
Change
0.013(2.87%) |
Mkt cap ! $537.5M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.5¢ | $541.2K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 87107 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 356528 | 17 |
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| Last trade - 14.26pm 05/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |