The market is always right:
1) it assumes that MGX will re-develop the Koolan operation for c$120M ($350M- current mkt cap) following which the operation will be worthless i.e. reflects the difference between cash $350M and current mkt cap
2) zero payout from insurance company
3) other assets (Extension Hill) of MGX are worthless
4) management will not consider other attractive opportunities that may fall in the wayside
I am wrong and hence I have a buy and held
DYOR
Ann: Koolan Island Update, page-84
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |