Unlikely that they will be at that cash level based on the fy16 numbers, profit margins are small As are tonnes.
They should be disbanding, selling the remaining short life assess for whatever they can, and providing the cash back to shareholders rather than targeting acquisitions to keep management and the board employed.
Estimated fair value, page-7
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |