The rail and port allocation is worth several hundred million
for this to be a overvalued play you need iron ore well lower- however keep in mind the cash is being spent on the KI cutback and there will be a non cash gain on the collar they have for hedging
this is a strong buy with a I’ll look at it again next year mindset
Irone Ore Price in Freefall, page-181
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $222.5K | 726.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97293 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 12253 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |