At the end of the day the shareprice action to me is a pretty damning indictment on the perceived future ability of management. I mean here is a company with 40 odd cents Net Cash in the bank and you can buy the shares for 25 cents. So the market is implying that the NPV of MGX is 25 cents. So that management will lose value in the long run......??
Ann: MGX agrees A$86 million property damage insurance settlement-MGX.AX, page-45
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $7.689M | 25.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1568943 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 151851 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |