The major component of the insurance claim is already settled , the thing I cannot understand is that if they have over $450m in cash equivalents and are generating circa $50m why is the market only $487m
The enterprise value is less than this years expected profit
Why wouldn't a BHP , RIO or FMG just come along and bid with paper use the cash and add the assets to their pool of assets before the MGX board start spending their cash on acquiring distressed assets whilst they are still cheap .
The major component of the insurance claim is already settled ,...
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.5¢ | $36.72K | 120.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 191145 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 346199 | 10 |
View Market Depth
| Last trade - 10.07am 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
