I think you are underestimating how much cash they will have, best to include inventories for sale too. +42m last quarter on the wet season high costs 99 vs 70ish per ton, so think +13m this quarter is very low. I expect cash and inventories around 480m. + FEX 20-22m.
In my 30 years investing you usually only see cash and equivs = mkt cap on a penny stock with ZERO FCF (and usually not profitable for a few years), not one that makes $250m NPAT - Now bght 4x around these levels
I think you are underestimating how much cash they will have,...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
38.3¢ |
Change
0.003(0.66%) |
Mkt cap ! $448.5M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.3¢ | 37.8¢ | $73.61K | 193.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121168 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 385437 | 15 |
View Market Depth
| Last trade - 10.28am 30/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |