Obviously, you are disappointed with the MGX share price and the fact that MGX will be missing out all these high iron ore prices due to the fact that MGX won't be producing much 65% grade until Dec 2021 quarter.
The next 6 months doesn't look too flash for MGX
"ore shipments will be lower during the next six months as we progress the peak overburden stripping phase at Koolan Island and develop Shine." from MGX Dec Quarterly report.
I'd expect the share price will be down to 60c shortly
Ships loading at AUKOI., page-11
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31.5¢ |
Change
0.010(3.28%) |
Mkt cap ! $383.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.0¢ | 31.0¢ | $787.7K | 2.507M |
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| No. | Vol. | Price($) |
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| 4 | 193820 | 31.0¢ |
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