Now if you take FEX they should make around $50m nett profit after tax for FY24. This equates to 7.4cps.
so a P/e of 36/7.4= 4.86.
mGX. Nett profit for year of around $250M. This equates to an eps of 20.8c.
so using FEX P/E we should be trading at $1.
Our P/E is only 2.1. Because the market sees our future as glum and doomed.
The only way out of this mess is if miraculously the company can either extend its mine life or purchase the deal of the century.
MGX Chart/Technical Analysis, page-272
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 32.0¢ | $421.9K | 1.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 204993 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 8744 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |