MGX 1.59% 32.0¢ mount gibson iron limited

When IO will fall back from 80 to 60, MGX will stay where it is,...

  1. 2,042 Posts.
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    When IO will fall back from 80 to 60, MGX will stay where it is, but AGO will go back to 1c. But AGO is more fun. It was recently 2.5+ and then fell back to 1.8, some people maybe had a heart attack or lost sleep and hair. I bought on the way down for 2c, but could not stomach the ride, so sold yesterday for 2.1 2.5 now
    MGX is very boring, like cash (well, maybe better than cash, they have more cash than market cap)
    I remember when I bought KAR, it was backed by cash the same as MGX, but they were not doing anything, just living off % and playing games and watching movies in the office, paying themselves salaries. I bought at 1.18, then it dropped further to 1.15 and I chickened out and sold. They had about 1.4 cash per share. Then in half a year they decided to buy some assets and SP doubled. I missed out.
 
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32.0¢
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Mkt cap ! $365.5M
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31.5¢ 32.0¢ 31.0¢ $332.9K 1.052M

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32.0¢ 49998 1
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Last trade - 16.10pm 03/12/2024 (20 minute delay) ?
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