Some rough calcs ; MHI gets USD20m minus paying out staff USD3.8m would leave them with USD16.2m, approx AUD23m. They also have associate holdings and subsidiaries.
I believe they have approx AUD2m in bank and there are approx 94m share on issue, which approx 90% are owned by the top 10. Would this not give a cash backing value the share price of at least at 25 cents, which is at least another 100% from this level? I don't hold but will be looking for an entry next week depending on what the news is. What am I missing, hoping someone can explain, thx
Some rough calcs ; MHI gets USD20m minus paying out staff...
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.299M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 632 | 1 |
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| Last trade - 16.12pm 07/05/2024 (20 minute delay) ? |
| MHI (ASX) Chart |
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