I think you are underestimating how much cash they will have, best to include inventories for sale too. +42m last quarter on the wet season high costs 99 vs 70ish per ton, so think +13m this quarter is very low. I expect cash and inventories around 480m. + FEX 20-22m.
In my 30 years investing you usually only see cash and equivs = mkt cap on a penny stock with ZERO FCF (and usually not profitable for a few years), not one that makes $250m NPAT - Now bght 4x around these levels
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Last
38.0¢ |
Change
0.005(1.33%) |
Mkt cap ! $448.5M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.5¢ | $378.2K | 1.004M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35607 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 60546 | 4 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |