I agree: the BI amount received is unlikely to be that material to MGX. In this regard I am a bit concerned as the market may be expecting an unreasonably large sum. The final amount will likely disappoint, possibly leading to SP weakness.
I've stopped being concerned about the BI payout since the sea wall payout, that was the major one. Extra cash is always welcome, but if MGX don't know what to do with $420M, what makes you think they'll be any better with, say, $440M?
No, my eyes are firmly on the business MGX enters with their current war chest - and that's been a long wait!
Value Opportunity, page-43
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.0¢ | $170.6K | 558.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 196973 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 333365 | 16 |
View Market Depth
| Last trade - 13.57pm 02/12/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
