Current spot valuation 68c, page-9

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Sharetrader78

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11/07/17

16:01

Post #: 25796595
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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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I also agree ...smart investing will add a premium to our cash balance as the market will then add in upside to the extra assets... many explorers I follow trade 3-5x cash balance>>

..Surely there is some great managed micro-jnr cap resource companies looking to access some capital >> we could take security over assets and get some great return 5%-10% p.a plus some free shares/opts etc ....downside we take over the resources of the company

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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29.5¢	30.0¢	29.0¢	$350.5K	1.189M

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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
3	31253	0.910
3	68342	0.905
2	44392	0.900

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0.945	128342	5

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