I think you are underestimating how much cash they will have, best to include inventories for sale too. +42m last quarter on the wet season high costs 99 vs 70ish per ton, so think +13m this quarter is very low. I expect cash and inventories around 480m. + FEX 20-22m.
In my 30 years investing you usually only see cash and equivs = mkt cap on a penny stock with ZERO FCF (and usually not profitable for a few years), not one that makes $250m NPAT - Now bght 4x around these levels
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $445.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 37.5¢ | $54.91K | 145.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 164497 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 189332 | 24 |
View Market Depth
| Last trade - 14.04pm 29/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |