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29.5¢ mount gibson iron limited

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bread89

337 Posts.

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11/09/17

18:29

Post #: 27137880
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Originally posted by Mongrel ↑

Nobody owns me. Perhaps that comment reflects more about you than me?

You may take my commentary as downramping. I'm actually a big(ish) holder of MGX and have been from their very start. What I cant abide is the upramping that some in here practice. There is no place in HC for snake oil salesmen.

The likelihood of IOP sustaining anything over US$100/t is slim - and certainly not for Hamersley Blend/Mt Newman Fines type grades.

The likelihood of MGX exporting +65% Fe from KI is extremely slim. They will use the HG ore to upgrade their LG ores: there's more money in volume than grade when you are HG tonnage limited.

The likelihood of MGX attaining an SP of $1 is extremely slim (all else being equal - ie, not suddenly surprising us by acquiring a great project with their war chest.)

However:

The likelihood of MGX increasing its margin with the input of the HG KI IO is very good.

The likelihood of MGX's SP getting to +50c is also very good.

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Last edited by bread89: 11/09/17

MGX Price at posting: 42.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	37120	0.920
3	45770	0.915
3	31253	0.910
3	68342	0.905
2	44392	0.900

Price($)	Vol.	No.
0.925	15328	2
0.930	89494	6
0.935	70442	3
0.940	72592	7
0.945	128342	5

Last trade - 16.10pm 26/11/2024 (20 minute delay)

MGX (ASX) Chart