MGX 0.00% 36.5¢ mount gibson iron limited

wow

  1. 1,170 Posts.
    lightbulb Created with Sketch. 99
    MGX 279m in bank = 25c per share
    Current market cap 572m less 279m = 293m

    Share price 52c less 25c = 27c per share for everything else
    that’s plant/equipment/goodwill/ ship loader the whole lot

    Even if profit came in at 1 third of last year @ 172m
    Say 57m on a enterprise value of 293m that’s is almost 20% return after tax

    too good to be true

    i am lost at how much discount these sellers are factoring in
 
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Mkt cap ! $444.6M
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37.0¢ 37.0¢ 36.5¢ $54.05K 147.1K

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6 86528 36.5¢
 

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Price($) Vol. No.
37.0¢ 65713 8
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