To me this all looks like a really nice buying opportunity. Don't forget MGX can hedge iron ore exposures at these prices and they can hedge the AUD/USD rate too. So whilst these prices and AUD/USD rates might not last forever they can make it last a while.
Ann: High Grade Ore Sales Commenced from Koolan Island, page-273
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $540.6M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 45.0¢ | 43.5¢ | $751.6K | 1.688M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 371734 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |