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,...
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $454.4M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.0¢ | 37.8¢ | $1.230M | 3.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37076 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 404397 | 13 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |