It's BAU with Mt. Gibson.
No news is great news - they are just pottering along, clipping that IO ticket as spot prices creep higher & AUD heads lower & they continue to progress their cost reduction plans.
We should expect their final Q4 production report over the next week which will show solid prices received for the ore & then we wait until the annual report in August where our little battler will show a ripper of a profit & an extremely healthy dividend payment.
I'm chomping at the bit for these reports as they will cause a large re-rate (not just MGX specific, but across the entire IO sector) as the doomsdayers haven't had their $80/T prices realised.
A company can only trade for so long on a PE (ex-cash) of less than 1 ...
IMO ONLY - DYOR
fields find - plateau prospect, page-11
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $371.5M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 30.5¢ | $7.689M | 25.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1568943 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 151851 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |