MGX 0.00% 30.0¢ mount gibson iron limited

Yeah, agree Auto. This stock is no longer about their Mid West...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,545 Posts.
    lightbulb Created with Sketch. 60
    Yeah, agree Auto. This stock is no longer about their Mid West operations - its all about KI and the final 'risky' stages of construction (dewatering & shotcreting).

    The potential of a $0.02c dividend (again, iomo, same as last year) should see the SP maintain support. A 2c divi sees a yield of 4.76% on the current SP, before franking credits, so i can't see the SP falling back to much.

    Also, the EOY results (& divy??) are being announce on 15th August, so not far away.

    So divi support and regular updates on the dewatering and shotcreting should support the SP in the near/mid term.

    I'm still buying on any dips.....

    GLTAH.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
30.0¢
Change
0.000(0.00%)
Mkt cap ! $365.5M
Open High Low Value Volume
30.0¢ 30.5¢ 30.0¢ $25.95K 85.71K

Buyers (Bids)

No. Vol. Price($)
9 175188 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 104545 35
View Market Depth
Last trade - 12.38pm 22/11/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.