Something has just come to mind... the practice of putting iron ore assets on the books before they actually mine it . so the current KI assets are about to go back on the MGX bookswhen the main pit is drained. Around a billion dollars of IO (depending on valuation). So take away the post wall rebuild costs of the current cash that leaves cash of 420million plus the value of KI .That looks to me 1.4 billion!!DYOR giving a share value 1.3 aud .
Ann: Settlement of $64.3m Business Interruption Insurance claim, page-36
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.5¢ |
Change
0.015(4.84%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 33.5¢ | 31.0¢ | $1.234M | 3.812M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 109416 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 27921 | 2 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |