Pretty close to the mark Berger.
In the next 5 years based on the IO price we should expect between $850 million to $1 billion in profits. (21mt Koolan).
With the abundance of profits coming through it is fair to say we either see an acquisition or the more likelihood scenario is a healthy dividend coming our way.
MGX is truly a long term hold - i would not be surprised a takeover is on offer for MGX. Anywhere near $1.50 is a reasonable share price.
Ann: Global Iron Ore & Steel Forecast Conference presentation, page-5
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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¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
