The operating margins in AUD is now somewhere between $50-60/t multiply that with a sales of 8mtpa and you're pulling in $400m AUD per year before taxes/corporate. Or at the current production of 6mtpa, $300m AUD per year. And yet MGX has a market cap of what about $100m AUD after accounting for cash held.
We have breached capitulation levels and are in the mega-madness zone. Buyback? it'd be insane not to utilise the excess cash on the books to remove the excess stock held by some large speculative funds.
io @ 120/t & aud @ 92.x, page-2
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |