I see not long ago this was trading at well below cash held value, as it seems after slight rises recently it is still hovering at around cash value.
I am new to this stock but my point and question is if a mgx professional can give me in a nutshell rough valuation of the business, seems ridiculously cheap keeping in mind rises in IO prices lately.
Seems a no brainer on face value, last time I seen a similar situation was with SXY trading at cash value and was 12cps, the rest is history and was a 3bagger from that point till now.
MGX Discount to cash, page-101
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
