The time to buy.
Macquarie today remains OUTPERFORM 12-month target A$ 2.60
Comment:
Valuation impact small; headroom remains. We had already factored lower production in the March and June quarters. We adjust our valuation for lower production in the coming three quarters, as well as a slower ramp-up to Extension Hill. The impact is to reduce NPV to A$2.63ps from A$2.74ps. MGX reported cash of A$388m with all debt repaid. (Dec 2010: $410m cash, $35m debt, net cash A$375m), indicating a small cash inflow despite the adverse conditions in the quarter.
Cheers
The time to buy.Macquarie today remains OUTPERFORM 12-month...
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Last
31.8¢ |
Change
0.013(4.10%) |
Mkt cap ! $380.7M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.5¢ | $285.7K | 908.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 379909 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 66104 | 15 |
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| Last trade - 13.00pm 02/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |