This is the cash backing of MGX as of November 30th with $360 million in the bank and no debt.
If you add $30 mill plus in tax credits and a possible insurance payout minus cash burn you can probably reasonable expect the same cash backing at the end of the financial year in July 2015 when they decide on the fate of Kaloon Is.
At 23c we are still 10c short of even just cash backing and no weight at all given to all the iron ore mines, plant and equipment ($220 mill purchase price) or goodwill or anything else that made us $95 mill after tax less than 6 months ago.
Still cheap at 23c?? - absolutely goddam right it is!! (IMO)
This is the cash backing of MGX as of November 30th with $360...
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Last
33.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $408.1M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.8¢ | 33.0¢ | $475.3K | 1.428M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 137710 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |