I think your comment is valid.
Iron ore prices have risen sharply over the last couple months. Far above my expectations for 2019 and 2020. However, personally I will be trimming my exposure to BHP and RIO over the coming days. These stocks have had a good run and it’s time to realise some profits before global growth slows - we are very late cycle after all.
MGX and it’s KI project is a different story and undervalued if the Seawall holds. The market cap is 660 million and cash at bank is 430 million. I would stay long MGX. The full year results in February is the next inflection point.
I think your comment is valid. Iron ore prices have risen...
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
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¢ | 29.5¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
