The market,strangely , doesn't rate Mgx . The slow progress at Koolan island maybe the cause but a hot stock would have been rerated long ago on the mere talk of Koolan! And depending on profit , Koolan could well be funded by current cash and therefore not touching the current 500 million it has in the bank. Perhaps the market is waiting to see the pit drained before reacting but it's still very strange that KI is not acknowledged in the stock price. Be interesting to see if management declares another dividend!
MGX Discount to cash, page-94
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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 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
