MGX 3.39% 30.5¢ mount gibson iron limited

under valued, page-24

  1. 3,015 Posts.
    lightbulb Created with Sketch. 59
    to join the conversation
    If MGX directors and management have a thought that the IO glut will cause further upheaval in china, (and other countries)...then the flow - on effect would be to Australia and every other country. The values of many businesses would be hurt (as would the quality of life for individuals.) .... a recession would be in the air ....and MGX can wait (if they see this future as many do see things getting worse (see ARI) ) and get much better deal possibilities in the future. Their bank account is NOT going to disappear.
    I wouldn't be surprised to hear that companies are approaching MGX for assistance. But I would just wait for another year myself, and see where the winds are blowing.
    meantime....wish the SP would increase.
    Just my opinion.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(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
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.