I'm calling a bounce in the share price to 30c by Wednesday. If the I/O price recovers to U$80 expect a recovery to 40c plus.
With cash backing $360 mill, inventory of $220 mill (approx. resale $100 mill), tax refunds of $30 mill + and a possible insurance payout the market cap of MGX is a bargain.
At 20.5c MGX is valued at $220 mill. Do the math and see you at open on Monday.
MGX Real Value
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Last
32.5¢ |
Change
0.005(1.56%) |
Mkt cap ! $394.9M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.8¢ | 32.0¢ | $136.9K | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 273037 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 48948 | 1 |
View Market Depth
| Last trade - 11.23am 08/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |