Sharks
Spot on.
ARI problems stem from massive debt load which creates a major drag on cash flow and earnings
It's like investing in the gold sector a few years back - those with leverage and it high costs got squashed , those with stronger balance sheets like NST and EVN acquired assets from distressed sellers become stronger and saw the SP grow 2-5 times
People seem to ignore the fact that MGX can close all their operations for a cost of around 55m including the rail liabilities as of today and still be left with circa 295-300m ( before insurance payout )
They also have the flexibility of putting things in C and M which will cost a lot less and the view is the KI C and M costs will be covered by the deal with qube so even that cost may end up at zero
Always great to buy good balance sheets in series were sentiment is crappiest
Sharks Spot on. ARI problems stem from massive debt load which...
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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
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
