True Tokyo. The hedging was done at higher prices which will help , but for the market the key isn't this quarter , it's the IO price and how the market values the KI project . At present it not only doesn't count it is assumed MGX will not ever recover capital . If the market assumed they would make money but break even (usd 46 fines) then it should be trading at least at cash. So I think if the IO price can climb to high 60s and stay there for a while , MGX will move to high 30s low 50s
And then we have the BI pmnt that could happen any day
IO up 5%, page-21
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $350.5K | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
