re: shougang deal I think Miner allowed for the capital injection to MGX if they take up their option but didn't divide the new market cap by the new number of shares on issue....
I wouldnt value it that way myself, rather I would value it by future earnings which would leap when Shougang bought in and the new projects go ahead. Yak there are 3 research reports on the mtgibsoniron.com.au website, the Shaw one goes through valuations but it is a year old and capital costs have increased in WA apparently with the boom. The other 2 reports are much more conservative, personally I think they are too cautious but of course there is risk. Cheers.
mgx gets speeding ticket from asx, page-10
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $462.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.0¢ | $885.8K | 2.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 943011 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 58792 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |