I'm calling a bounce in the share price to 30c by Wednesday. If the I/O price recovers to U$80 expect a recovery to 40c plus.
With cash backing $360 mill, inventory of $220 mill (approx. resale $100 mill), tax refunds of $30 mill + and a possible insurance payout the market cap of MGX is a bargain.
At 20.5c MGX is valued at $220 mill. Do the math and see you at open on Monday.
MGX Real Value
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Last
37.0¢ |
Change
0.005(1.37%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $164.6K | 447.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 148718 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 106523 | 20 |
View Market Depth
| Last trade - 15.07pm 26/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |