A 50% reduction brings MGX back to 2008 FY prices where they posted a $113M profit. Add to that the lower AUD exchange rate and MGX should be quite profitable. They have also cut expenditure so all in all I am thinking a worse case scenario is at least 2008FY profit for 2010 FY. On a P/E of 10 that gives them a share price of around $1 without taking into consideration production increase and cash on hand.
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 (20min delay)
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Last
34.5¢ |
Change
-0.005(1.43%) |
Mkt cap ! $407.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 34.0¢ | $602.3K | 1.745M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 312027 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 297774 | 6 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |