Hi Goodheart
i believe Samsonrises is correct.
MGX has received two payments for the Koolan island Seawall failure - 86 M for a property damage insureance claim and 64.3 M for a business interruption claim.
The 500M is a claim raised by the insurers who paid out MGX for the above payments. Latest quarterly states it is not material to MGX
i believe there should be another two insurance payments for the fire incident which are pending - property damage and business interruption - it is unclear what the value of these claims are likely to be
mgx, page-19
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35.5¢ |
Change
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Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 35.5¢ | $162.6K | 457.1K |
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| No. | Vol. | Price($) |
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| 3 | 309498 | 35.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 142384 | 3 |
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