What would be likely to happen to MGX in this scenario? Would they shut down operations? I'm not saying this will happen but it is a possibilty - before anyone says it isn't just look at this chart: https://www.indexmundi.com/commodities/?commodity=iron-ore&months=360
just over 10 years ago IO was at these prices and had been around $12-$15 for around 30 years. Saying 'this time is different means you have a short term memory of every other bubble. Also does anyone have annual or quarterly reports for MGX from before 2004/5? The website only has from then onward.
Iron ore price <$20
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
