MGX is worth intrinsically about 1.80. it has gone up to 3.00 due to takeover speculations. and given current price, i wonder why takeover event has not occurred??? high SP is the best defence! yet its not good for investors wanting upside.
in 2 years, when TTY is producing and selling 3mtpa at spot, with margins of $30/t. that would be close to 100m in profit! P/E multiple of 10x? 1bn market cap. TTY has room to move above $3 over the next 24month. just hang in there fellas.
TTY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
