cash is already rising
three things could happen they could be with enough cash to make it viable for a takeover
they could acquire another company which must achieve a hurdle rate of 20% ROI - i can't see this happening now
Or wind up the company after 6 years with Shine and Koolan in total 30 mega tonne combined ore sales and return retained cash to shareholders.
If I missed anything let me know.
Ann: Quarterly Activities Report, page-21
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Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $462.9K | 1.409M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96737 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 79200 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |