Normal
Still no word on insurance payout. I get the impression they are gung-ho to restart KI -Or could this all be insurance posturing? Is it fear of MGX pouring a hundred million into rehab on KI that is keeping the price well below cash backing?More than a year on and they still have $345 m of cash. Net assets of $275 m (assuming zero long-term assets) and managed to increase cash this half by 15 million, yet MC sits at $195. If iron stays depressed I wonder if they can flog off all the 'worthless' mining assets (and the long-term liabilities) for a token few million to some junior and end up with $320-$330 million of net assets in cash and pay a 1 - 1.5 cent dividend for eternity.What don't I see that the professionals see about these guys...
Still no word on insurance payout. I get the impression they are gung-ho to restart KI -Or could this all be insurance posturing? Is it fear of MGX pouring a hundred million into rehab on KI that is keeping the price well below cash backing?
More than a year on and they still have $345 m of cash. Net assets of $275 m (assuming zero long-term assets) and managed to increase cash this half by 15 million, yet MC sits at $195. If iron stays depressed I wonder if they can flog off all the 'worthless' mining assets (and the long-term liabilities) for a token few million to some junior and end up with $320-$330 million of net assets in cash and pay a 1 - 1.5 cent dividend for eternity.
What don't I see that the professionals see about these guys...
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