MGX 1.64% 31.0¢ mount gibson iron limited

Often the case good ANN are met with sellers the good news is it...

  1. 5,251 Posts.
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    Often the case good ANN are met with sellers the good news is it offers up cheap shares to long term investors unfazed by daily movements

    You would have expected it to hold gains but seems steady around the mid 30s point is what is the catalyst for higher prices now sp wise the BI payout

    It's trading at a ridiculously low multiple for a coy sitting on a cash stash of 450 odd million nuts you can buy this for mid 30s if your a believer in KI

    I think anywhere between 25-35 cents in 2-3 years will
    Seem awfully cheap only has to get back to
    70-80 cents for some great returns in the next 2-3 years from here

    I bought a few more today happy to add on further weakness I think with the BI payout and the restart of KI 2018 will be a handy year if IO prices settle around 60-70

    Buy IO stocks low sell high can't see it going back below 30 anytime soon
 
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Last
31.0¢
Change
0.005(1.64%)
Mkt cap ! $365.5M
Open High Low Value Volume
30.5¢ 31.5¢ 30.0¢ $272.5K 886.9K

Buyers (Bids)

No. Vol. Price($)
6 157040 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 240635 14
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Last trade - 14.48pm 02/12/2024 (20 minute delay) ?
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