Tokyo, where do you get cash flow positive from? MGX are being very coy about their profitability. They claim all in cash costs of A$52/wmt FOB, yet report revenues of A$54 on 1.1Mwmt sales, ie, revenues of A$49.09/wmt. That excludes shipping costs (another US$8 - 10/t?).
The CEO talks about being cash flow positive at Extension Hill on the basis of a A$48/wmt all in cash cost. A realised fines price of US$40/dmt (say, A$55 on a 72c FOREX) as per the table included in the report, suggests they are losing money if you add in the A$11 to 14 shipping cost and normalise their wmt to dmt (assume, say, a 7% moisture content).
Have I misread?
On the positive side, they expect Acacia to be cash flow positive.
- Forums
- ASX - By Stock
- MGX
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-4
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $344.1M |
Open | High | Low | Value | Volume |
28.0¢ | 28.3¢ | 28.0¢ | $148.2K | 529.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 42196 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 389917 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 156654 | 0.280 |
13 | 178230 | 0.275 |
15 | 333149 | 0.270 |
7 | 136014 | 0.265 |
9 | 206888 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 392309 | 19 |
0.290 | 108422 | 7 |
0.295 | 88356 | 6 |
0.300 | 142520 | 10 |
0.305 | 60050 | 5 |
Last trade - 12.09pm 10/09/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |