yeah I took $70 profit per ton using a P/E ratio of 10 at 77m shares and applied 30% discount= $31/share and halved that to a conservative $15/share. I know it's a 5-10 year play but some work for 30 years and are no where close to retirement. 7 years will fly by so quickly when you have a child. All good, I know what I'm doing.
can't wait to see who is on the other end of this negotiation. nippon steel? rio/bhp/fortescue? posco? kinda/bahrain/Arian steel? meranti steel in Singapore? next 3 months is going to be exciting. let's go mgt!!
MGT $ 1.00 TARGET PRICE 2024, page-275
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $29.53M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.5¢ | $34.05K | 113.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19957 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 67224 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |