MGX 3.28% 31.5¢ mount gibson iron limited

Ann: AGM CEO Presentation, page-7

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  1. 5,251 Posts.
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    I know MGX has doubled this year of a very low base but what is the hold up Here ?

    What exactly will they be selling next year an from where ?

    I see Jack hills is defunct KI on C N M an iron hill is not mining yet

    So how are they going to cash in on the current boom in IO prices how much stockpiles have they go?

    This seems ridiculously cheap with 400 million in the bank with a BI payment to come

    Of all the IO stocks this would have to have a very solid floor around 30 cents with cash backing in the 40 s

    I think this stock is going to run very hard in coming weeks I know it has but wasn't this 4 dollars once ?


    Looks a gimmee for a 20 per cent earn in the next 2-3 months at least
 
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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
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Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
MGX (ASX) Chart
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