Yes, I said my analysis was very basic. With miners of this size I only look at cash balance/flow and ore reserves. Could not care less about receivables and payables, but in general you are right, they should be considered. a reduction of $30 million is not a great result. If we had only had $30 million in the bank last year where would we be today? $60 million sales, $90 million costs. Yes, simple, but does not read well. But it could have been worse. $26 million in wind down costs is rather large - I understand we would have them. To me - I read that as 'Ok guys, we're going to create an account for 'wind down' put all your costs you can in to that account this quarter'. What are this upcoming quarters wind down costs going to be? and what about the quarter after that? When will it stop? Still no word on insurances or analysis by the company. I'm just sceptical. 6 phone calls and 2 emails unanswered last week.
If we can't mine profitably, we shouldn't be mining at all. All we're doing is depleting ore reserves, which is the thing MGX never had much of, by the time IO recovers we'll be out of iron.
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $522.4M |
Open | High | Low | Value | Volume |
42.5¢ | 44.0¢ | 42.5¢ | $627.9K | 1.453M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 34288 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.5¢ | 17500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34288 | 0.430 |
6 | 179245 | 0.425 |
11 | 382503 | 0.420 |
6 | 82833 | 0.415 |
8 | 119148 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 17500 | 1 |
0.440 | 275406 | 8 |
0.445 | 104076 | 4 |
0.450 | 313071 | 12 |
0.455 | 164000 | 4 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
43.5¢ |
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Change
0.010 ( 2.35 %) |
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Open | High | Low | Volume | ||
42.5¢ | 44.0¢ | 42.5¢ | 282963 | ||
Last updated 15.59pm 28/03/2024 ? |
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