Ann: MGX agrees A$86 million property damage insurance settlement-MGX.AX, page-12

Sharks
I actually don't think the discount MGX currently trades to cash will apply to this new money . The key here is MGX have increased their wat chest to the degree that can now be looking at assets at the 500m range
The other important thing is to note is this payout is not dependant of them rebuilding the wall and ofcourse since the sea wall failure 18 months ago tbey have reduced liabilities by over 70m.
In actual fact with this level of cash and let's say 10-15m for business interruption, MGX could sheet down KI and EH and still be left with 400m in the bank.

If they become a listed investment vehicle that would be trading at 38-40c

My initial exit price was 28-30c , however with the news I would like to extract at least 34c

It really is great news.
Ofcourse the other way of looking at this is they spend 70m to rebuild KI Wall and cash is 34c a share but revenue increases. I naturally prefer to they move out of IO and I think they will