To re-iterate: the insurance payout HAD to wait for 12 months to pass as MGX are covered for hits to their business for 1 year on top of the physical damage. That period had just passed at the time of the AGM.
Note that MGX received an interim insurance payout of $1.85M in July '15.(http://www.mtgibsoniron.com.au/wp-c...FY15-Financial-Results-Presentation-FINAL.pdf), so any angst towards the insurers is, in this case, misplaced.
To re-iterate: the insurance payout HAD to wait for 12 months to...
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Last
31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.5¢ | 30.0¢ | $296.8K | 964.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 242807 | 6 |
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| MGX (ASX) Chart |
