Trading at the largest discount to cash than we have seen
When MGX last traded at 19c the market cap was 208 m and the cash was 345m and they had a 20m rail liability.
so they were trading at 117 lower than there cash backing
Today MGX has a market cap of 329m has cash backing of 457m and no liability and therefore trades at a 128m discount to cash. Not only that but the IO price is about 15 dollars higher and KI feasibility work has been completed
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 (20min delay)
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $424.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 36.0¢ | $7.676M | 21.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 101085 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9762268 | 1 |
View Market Depth
| Last trade - 16.15pm 19/09/2025 (20 minute delay) ? |
| MGX (ASX) Chart |