MYG has sound assets but have to say disappointed with it's price performance.Excellent results but many sold on news,we are all expecting resource upgrade forthcoming but I am wondering what will make this one run.
I do concern as company needs to pay additional $6 million to pay for the project means more dilution at low share price,not to mention $50,000,000 for it's plant.
On another note,Northern Star has 4 times market capt. than MYG with similar resources,grade and cost per ounce.NST produces about 100,000 ounces gold per ann.
By the time MYG is in production,it should have around 800,000,000 shares on issue with $25,000,000 debt.
Based on that, I have 12 months price target of 20 cent IMO.
comparison to .., page-2
Add MYG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
74.0¢ |
Change
0.010(1.37%) |
Mkt cap ! $67.68M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 75.5¢ | 73.5¢ | $7.069K | 9.552K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11948 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 3672 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| MYG (ASX) Chart |