Provided we see an upturn in the world economy notwithstanding that China is now asking for premium grade Iron Ore by mid 2018 onwards should favour MGX immensely.
Even if MGX has $400 million in the bank fully commissioned Kooland Island - 2019 revenue coming through and a higher Iron Ore price who knows where the share price be for MGX.
Dividends satisfies me as an investor - 100% fully franked - I'm very happy how MGX is progressing to date - hopefully they continue with their dividend policy going forward.
This company has the potential in 12 months time to be in the vicinity or above the $1.00 mark obviously DYOR as I did in this instance.
Ann: Quarterly Activities Report, page-6
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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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