The update reports 360Mil cash with minimal debt. Comsec research reports 1090.6 Mil shares outstanding. I divide shares o/s into 360Mil and get a cash component of ~33 cents per share. Updated FY 15 sales guidance is ~4.5 Mt Vs 6.4 Mt per original .... I think MGX will be a smaller miner as a result, and hopefully it will survive. Who knows what the price will be going forward. What's your thoughts ?
The update reports 360Mil cash with minimal debt. Comsec...
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118094 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 50000 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |