There is no such thing as a a merger - someone has to offer a control premium and in this case it will be MGX. At present KI margin is as greater than free savage river production margins so why pay an biggish EV to buy more of the same. After this quarter GRR EV will be around 40-50m above cash and a TO would need to offer a premium resulting in an EV of 100-120 m . Poor use of funds to double up on IO. South down project needs massive capex to go ahead . I would exit MGX in a heart bit if they double down on IO
Value Opportunity, page-61
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
