I think the market will view any cost cutting and reduction in expenditure with approval. The below points from the latest ML paper are worth noting!
In addition, if Tallerang Peak operations were cut to run down the excess
inventory, another $50m of cash would be generated. In addition, some $100m
from deferring waste might be deferred, and $50m from Extension Hill capex
could be delayed. Assuming this additional $200m of cash could be extracted,
MGX could still generate $550m net cash on hand by June 2010, even with a
45% iron ore price cut (ie to US$50/t fro 63% fines).
** Obviously this is assuming that they have a buyer for their ore. I suspect there may be some agressive pricing by producers to sell their product.
- Forums
- ASX - By Stock
- MGX
- mgx price on monday
mgx price on monday, page-21
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $383.7M |
Open | High | Low | Value | Volume |
31.5¢ | 32.0¢ | 30.8¢ | $671.4K | 2.149M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 149490 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 130446 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 149490 | 0.310 |
11 | 226384 | 0.305 |
19 | 452628 | 0.300 |
4 | 80689 | 0.295 |
2 | 75000 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 120446 | 3 |
0.320 | 185279 | 5 |
0.325 | 97500 | 4 |
0.330 | 110000 | 4 |
0.335 | 132800 | 4 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online