Good to see you again Tcb. I'm not betting on any insurance payout. With close to $400 mill estimated cash including tax refunds this is a bargain on its own right now.
IMO what would really put a rocket under the SP would be an announcement that they will NOT re-open Kaloon Island. This would put to be once and for all any notion of paying to restart a loss making operation.
In my eyes I/O price up or down, its win win for MGX. I/O goes back up to $100, we re-open Kaloon Island and make money from it again. I/O stays put or drifts lower and we keep Kaloon Island closed and take our bag of cash and spend it on better projects.
Think about it.
Good to see you again Tcb. I'm not betting on any insurance...
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Last
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $407.8M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.3¢ | $173.7K | 514.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 391511 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 17714 | 4 |
View Market Depth
| Last trade - 11.05am 14/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |