376Million in Bank June Quarterly
2.3MT/quarter at the current Iron Ore price and Low Australian dollar
June Quarterly
Increased cash position to $406Mil
spent $8Mil on Tax
Spent $22Mil on Div
Their cash position increased by$64milbefore the above.
They were getting $107/MT after discounts.
The Aussie dollar is trading on average 7% less than the June Quarter
Platts Iron Ore 62%fe spot price is trading on average 4% higher.
So we should expect our cash position to increase by over 70Mill in the September Quarter.
450Million in the bank September
500Mill in the bank by Xmas.
650mill By June 2014
Current MKt Cap. 650M
The market currently values MGX a business that makes millions of dollars per year at nothing(0).
It's a good time to buy??
any re-rating new?, page-17
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |