This is very true. whichever path is followed, acquisition, capital return, TO etc , all lead to the conclusion a much higher SP will be achieved, especially as we have another cash injection pending. Approval of Iron Hill would also see this in the 30s quick smart.
Samll correction to above, the current cash backing is around 40c so a 15m BI payout would result on 41.5c cash per share, to get to 45c you would need a payout of around 50m. anything is a plus, 15m good 25m better, 35m great , 45m fantastic, 55m amazing lol
with cash per share at 40c, the BI payout is simply icing on the cake, how thick the icing will be determined by how big the payout
This is very true. whichever path is followed, acquisition,...
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
