3 cents is a fantastic result - indicates management must have a lot of confidence in the future.
The other point worth noting is that at todays prices Koolan Island has an NPV of $800 million based on todays prices. Given a 10% discount is being used is probably closer to a billion dollars of cash flow.
Nice to see the company is finally using up the 60 million in franking credits that have sitting in its franking account for years.
If this doesn't push the share price past 50 cents I don't know what will. MGX has been sitting in the 40's for far too long.
GLTA/IMHO
Ann: Profit Result for FY2018 and Declaration of Final Dividend, page-4
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30.0¢ |
Change
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Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
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