If we take the figure of "12 months" remaining main life as stated in the March quarterly report . . . . then that would mean just 10 months remaining as of today.
The March quarterly stated a cash position of $46O million.
The March quarterly stated guidance of 2.7 to 3.0 Mt for by the 30th June. That equates to 0.7 to 1.0 Mt for the current quarter (the March quarter attained 0.7 Mt whilst plagued by typhoons).
The buyback has been halted since 14th April.
Peter Kerr stated in the most recent audio (available on the MGX website) that the buy back would be halted in the negotiation stage of an aquisition.
MGX Price at posting:
29.3¢ Sentiment: None Disclosure: Held
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