No surprises.
So we have MGX with a market cap of $540m, net cash of $162m plus a further $25m of cash and liquids (shares) to come from the divestment to Fenix = $187m. So, market value of the mining assets is $353m.
Meanwhile, in what should now be the established operating level for MGX, they generated $91m of cashflow from mining operations for the quarter = $360m annualised. Market is valuing MGX at 1x annual pre-tax operating cashflow.
They also have $150m of stockpiled ore - which will underpin a steady FY24 result (ie the stockpiled ore will assist any wet season disruptions).
Will be interesting to see how the market reacts to this quarterly.
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Last
42.5¢ |
Change
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Mkt cap ! $516.3M |
Open | High | Low | Value | Volume |
43.0¢ | 43.5¢ | 42.5¢ | $306.8K | 713.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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11 | 214897 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 2695 | 1 |
View Market Depth
No. | Vol. | Price($) |
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10 | 204897 | 0.425 |
11 | 467300 | 0.420 |
6 | 205310 | 0.415 |
7 | 210690 | 0.410 |
2 | 31000 | 0.405 |
Price($) | Vol. | No. |
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0.430 | 2695 | 1 |
0.435 | 71016 | 3 |
0.440 | 250618 | 12 |
0.445 | 229807 | 9 |
0.450 | 32000 | 2 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.57pm 30/05/2024 ? |
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