Back when mgx was 18 -19c the cash balance was 330 million odd they had a rail liability of approximately 20 million and Iron hill was not approved . Today cash balance is 457 million there is no rail liability so equivalent share price from a discount to cash basis Is approximately $.30. Back to trading at 125 million discount cash, very safe by at these levels
News: MGX UPDATE 1-Buyers ready to pounce on Rio Tinto coking coal mines -sources, page-13
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $332.9K | 1.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 195400 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 49998 | 1 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
