Yeah Koolan Island is a bit of a worry, its under sea level! Especially in a cyclone prone region... should have seen this coming.
NTA is substantial, but hard to measure. Tangible Assets in a mine are the equipment etc. which in reality are worthless at the downward end of the cycle. There is a glut of Earth Moving Equipment at the moment. Also, there is plenty of 'Mine Life' and 'Exploration Development' and other ambiguous sums listed as Assets on the Balance Sheet. I really wouldn't count on them to equate for much.
The best Asset to have is cash. It generates a return, and doesn't depreciate. I just hope they don't stuff it up!
- Forums
- ASX - By Stock
- Ann: Trading Halt
Yeah Koolan Island is a bit of a worry, its under sea level!...
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $522.4M |
Open | High | Low | Value | Volume |
42.5¢ | 44.0¢ | 42.5¢ | $627.9K | 1.453M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19976 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 17500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19976 | 0.430 |
4 | 162433 | 0.425 |
10 | 381503 | 0.420 |
6 | 82833 | 0.415 |
8 | 119148 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 17500 | 1 |
0.440 | 235406 | 7 |
0.445 | 49764 | 1 |
0.450 | 258759 | 9 |
0.455 | 164000 | 4 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
|
|||||
Last
43.5¢ |
  |
Change
0.010 ( 2.35 %) |
|||
Open | High | Low | Volume | ||
42.5¢ | 44.0¢ | 42.5¢ | 282963 | ||
Last updated 15.59pm 29/03/2024 ? |
Featured News
MGX (ASX) Chart |