Sharks
The fact they mention resource investment opportunities in this announcement and highlight this payment is independent of whether the wall rebuild proceeds, suggests to me the other opportunities are close.
Now in terms of the business interruption insurance, this too can't be to far away and I would estimate 10-20m if we assume they can argue they would have made 10 dollars margin as an average throughout the year, then 20m is a distinct possibility
So lets add
355 ( cash at quarter end - my guestimate whuch only assumes 8m addition form last quarter )
plus 84m
plus 20m
461 m
= 42.3 c in cash
as someone said earlier, MGX is much cheaper today at 23.5 cents than it was at 20c yesterday.
I have no doubt this will continue to trend up t at least the high 20s in the next few weeks
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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($) | Vol. | No. |
---|---|---|
30.5¢ | 355340 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37120 | 0.920 |
3 | 45770 | 0.915 |
3 | 31253 | 0.910 |
3 | 68342 | 0.905 |
2 | 44392 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 15328 | 2 |
0.930 | 89494 | 6 |
0.935 | 70442 | 3 |
0.940 | 72592 | 7 |
0.945 | 128342 | 5 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
MGX (ASX) Chart |