MGX mount gibson iron limited
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Hi optimistus,The latest estimate is that cash position as of...

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    19/12/24
    15:48
    Post #: 77126675
    Hi optimistus,

    The latest estimate is that cash position as of 31.12.24 is $430 million, and $580 million by 30.6.25.

    CEO, Peter Kerr, recently announced in a public presentation, that dividends will resume as soon as franking credits become available.

    In the meantime the BoD has implemented a 5% buyback. CEO, Peter Kerr, recently stated that the BoD may extend the buyback to 10%.

    From the most recent estimates, MGX will have franking credits available on 30.6.25 for a fully franked dividend to be paid in September.
    MGX Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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