MGX 3.03% 32.0¢ mount gibson iron limited

Matt,You'll need to wait for the next financial report to update...

  1. 822 Posts.
    Matt,

    You'll need to wait for the next financial report to update on the net cash ~ $290M (27 c/sh)held as at 1 July 2012

    The last casflow per share I saw for FY13 from a broker was ~ 22c/sh (back in Nov), so given the recent uptick in iron ore prices it would seem reasonable that they have net cash of at around 40c/sh as at 1 Jan.

    Which makes the 65c they were trading at recently farcical. They still look well underdone at 90c.
 
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