MGX 3.39% 30.5¢ mount gibson iron limited

Interesting price action the last 2 days. Seems to go down on...

  1. 268 Posts.
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    Interesting price action the last 2 days. Seems to go down on the open and then lift during the trading day. I sold some at 47 last week (bought plenty at 20) but am encouraged by the relentless rise. Would be nice to know what is happening with KI and the insurance payments. I am inclined to believe the longer the business interruption thing takes to resolve/be announced, the better the outcome for MGX.
    The question I have is how do they determine what the $ value will be. Because during the year following the wall collapse the IO price was very low. But it is so much higher now and is that taken into account at all? Because if I were the insurance company I would be arguing that during the year following it was practically uneconomic to mine and sell IO anyway as the price was the same as cost of extraction. Any thoughts?
 
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(20min delay)
Last
30.5¢
Change
0.010(3.39%)
Mkt cap ! $365.5M
Open High Low Value Volume
29.5¢ 30.5¢ 29.5¢ $42.02K 139.7K

Buyers (Bids)

No. Vol. Price($)
2 104867 30.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 355340 6
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
MGX (ASX) Chart
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