Normal
Integrity is everything. There are a lot of lackluster miners out there who get lofty valuations because the market believes in them (usually because they delivered on a past strategy). Across the street I look at FEX - they've done well - but I can't see them being profitable this time next year when hedges run out. MGX on the otherhand should make a killing in the next 3 years - but the market just does not trust them (I don't trust MGX). With another quarter expected to be only a few hundred thousand tonnes of ore + capex + shine debacle + divi payment, I could see cash balances just below $200 million for MGX come H1 report and I don't think FY22 will produce a net profit - so probably no dividend for FY22. Perfect time for the Chinese puppet masters of MGX to take the company over...
Integrity is everything. There are a lot of lackluster miners out there who get lofty valuations because the market believes in them (usually because they delivered on a past strategy). Across the street I look at FEX - they've done well - but I can't see them being profitable this time next year when hedges run out. MGX on the otherhand should make a killing in the next 3 years - but the market just does not trust them (I don't trust MGX).
With another quarter expected to be only a few hundred thousand tonnes of ore + capex + shine debacle + divi payment, I could see cash balances just below $200 million for MGX come H1 report and I don't think FY22 will produce a net profit - so probably no dividend for FY22. Perfect time for the Chinese puppet masters of MGX to take the company over...
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