Current spot valuation 68c, page-13

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Nightmarez3k

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11/07/17

22:14

Post #: 25804677
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Originally posted by Autosime ↑

I can't say I agree at all with your theory of SP appreciation methods. If you read the broker reports you will see the only thing that drives valuation is IO assumptions and cash. As analysts plug a 50 USD figure in there spreadsheeets it's Spits out an NPV for KI after closure costs of around only 10m . Paying a dividend will only see their NPV which is underpined by cash balance reduced . The key is due you trust management to use cash wisely .
For me that is a big yes , for the market and the analysts that most rely on they wait to see . I mean these are the brokers who like in the case of Macquarie placed zero value on the BI settlement according to their own admission in the last update . That is right , a 2 year process of negotiations to them was going to result in an outcome of zero.
So I am happy they have the cash and I believe the money will be used for growth and when it is the market will move from 120m cash discount to premium . I don't want a dividend , I want a good project that is not IO as this will provide diversification and a big change in sentiment and will move MGX out of the IO box into the resource box

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Copper and zinc is headed up in next few years.
Also try hot commodity of cobalt which needs production outside of DRC to increase for supply of EVs into future.

I don't suggest lithium as that would be too late to the game. Alternatively invest in companies needing capital to finish projects such as GXY, AJM and PLS.

Nickel, coal, oil not so good.

Alternatively, mop up AGO or BCI.

MGX Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Last 29.5¢		Change -0.005(1.67%)		Mkt cap ! $365.5M

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	45770	0.915
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2	44392	0.900

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