MGX 1.67% 29.5¢ mount gibson iron limited

Current spot valuation 68c, page-15

  1. 2,000 Posts.
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    I am not in the business of doing research for people on this site. There were many good investments executed over the last year or two that should have had (could have had?) MGX all over it.

    A typical example is Heron's funding for its Woodlawn Zn-Cu project. Through a basket of capital sources (senior secured loan facility, existing major shareholder investment, new strategic investors, classic CR with existing small shareholders, a share purchase plan) Heron raised A$240M to start-up its Woodlawn mine. I'll leave you to figure out why this is an excellent Zn project.

    Another is Havilah's Portia gold resource that needed to do a deal with a mining contractor (CMC) to get it going. A very cheap entry for the contractor and now a very profitable operation.

    The t/o of Sirius by Independence group, about the time MGX had around $350M at bank, is another example. Nova Ni is running very nicely, thank you.

    The list goes on and on but none, alas, with MGX's prints on them.

    No project is guaranteed to be an "attractive price" until DD is completed and the project is in operation! By definition, if it were being offered at an attractive price it wouldn't be on the market.
 
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Last
29.5¢
Change
-0.005(1.67%)
Mkt cap ! $365.5M
Open High Low Value Volume
29.5¢ 30.0¢ 29.0¢ $350.5K 1.189M

Buyers (Bids)

No. Vol. Price($)
13 127764 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 302574 6
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