Is there still a chance of an adverse court ruling / liability from the claim against MND by WICET? Last I checked this was somewhere around $90-$130m.
Latest mention by MND I could find was this could be sorted in the second half of 2016 FY.
Surely they cannot pay a special dividend until the court finds that there are no damages payable to WICET by MND.
Also note re excess cash balance: good mining services / construction companies generally carry a bit of excess cash on their balance sheets as a buffer against contract mispricing risk (which in itself is a kind of "off balance sheet risk" that is very hard to identify). To their credit, MND have a very good record so far in not over-running contracts.
Is there still a chance of an adverse court ruling / liability...
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Last
$16.98 |
Change
-0.150(0.88%) |
Mkt cap ! $1.698B | |||
| Open | High | Low | Value | Volume |
| $17.01 | $17.22 | $16.97 | $888.1K | 51.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 371 | $16.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.99 | 602 | 13 |
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| Last trade - 11.33am 03/07/2025 (20 minute delay) ? |
| MND (ASX) Chart |