should bounce today.
Even a dead cat will bounce.
MGX cash position:
Cash on 30 November 2014: $360m
Less: Minimal debt ($1m) (June 2014 was $2m) Redundancy ($11m)
Add: Income tax refundable - $17m ($10m per the 2014 Annual Report + $7m paid per September quarterly report) Interest on cash at bank, - $12m Pending insurance claim from damage and business disruption - ? Net cash position: $377m (34.5c per share) Current share price 19.5c
