Please correct my opinion if you think i am wrong!
I think out of all small iron ore players apart from FMG, RIO and BHP, MGX is actually a very solid stock. It is in production and actually making net profit $47 M, and i can only see profit increasing.
As port Geraldon has become congested, its sales volume is effectively restricted from through this port, we all hope for a better solution. Nothing is stopping MGX from increasing its production from the Island since no else is sharing the rail. Loading facility is 100% MGX.
I can great potential in MGX in comparison to many starters at the moment anyway. Great stock as shown by recent share price. MMX slumped from $6 to below $3, MIS $4.20 to below $2. MGX is recovering from storm very quickly.
Anyone has any prediction on share price before chrismas?
boom boom, page-2
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $383.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.3¢ | 31.0¢ | $846.6K | 2.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 93644 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 95399 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |