MGX 3.28% 31.5¢ mount gibson iron limited

under valued, page-120

  1. 15,774 Posts.
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    Pleasure Sharks. I have sent you an email to your gmail account - not sure if it is still active

    Historically - one of the first stocks people would have thought about ( those who cover mid caps ) would have been MGX . However I think the insto money is completely out of the IO mid cap space, simple because all have accepted the consensus view that IO was going into the 30s and staying there. Also probably because most IO mild caps have imploded ( ago , GBg, BCI ,ARI ) The only ones left standing, that even remotely look like their former selves are the ones who had the protection of no debt and lots of cash ( MGX and GRR )

    In the end, as long as MGX continues to be cashflow positive and continue to add to their value through cash increase and liability decreasing, the market will be forced to pay attention. As I said to someone else before ,when everybody is excited and buying MGX ( for whatever reason ) I will be selling. The fact that some of us have been able the buy at these prices is a function of distinterest, poor analysis and low sentiment . Although frustrating , it is also what has created the buying opportunity at such discounted levels.
 
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Last
31.5¢
Change
0.010(3.28%)
Mkt cap ! $365.5M
Open High Low Value Volume
30.5¢ 31.5¢ 30.0¢ $296.8K 964.6K

Buyers (Bids)

No. Vol. Price($)
2 101000 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 242807 6
View Market Depth
Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
MGX (ASX) Chart
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