Thank you for your analysis miningnut.
A cash balance of $397m as at 31 Dec would I think amount to approximately 33 cents per share - and as I understand their tax situation, there will be little or no income tax to pay on net earnings this calendar year.
In the past I've made a bit on money on MGX, but it's been more by luck than design. I only have a smallish holding now (bought in last couple of months) as I find it difficult to value this share. Resource life, lack of imputation credits until 2nd quarter of 2024/25 and a lack of alignment of interests on the part of the major shareholders v. small shareholders etc etc.
My guess is any bounce in the share price will probably be a result of some headline about earnings or guidance (if they give any) or cash holdings etc. If it happens, I'm thinking a prudent holder should probably consider taking any profit they're sitting on - rather than wait for distributions. .
- Forums
- ASX - By Stock
- MGX
- December quarter predictions
December quarter predictions, page-2
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M |
Open | High | Low | Value | Volume |
41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 168024 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 80475 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 115200 | 0.410 |
4 | 200000 | 0.405 |
6 | 201910 | 0.400 |
20 | 488572 | 0.395 |
8 | 688500 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 54684 | 4 |
0.420 | 240867 | 6 |
0.425 | 145000 | 5 |
0.430 | 107770 | 7 |
0.435 | 84986 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online