Wow that's quite a big call given how the SP is behaving. Lost 5cent today so unfortunately Mr Market doesn't agree. Seems to be a lot of differing opinions/speculation of the future direction of the iron ore price. Some seem to think all the extra mines being developed will put downward pressure on the IO price, however by the time these new mines come online Koolon may well be near its end of life anyway and the money will already be in the bank.
Macquarie rates MGX as Upgrade to Outperform from Neutral, page-6
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 32.0¢ | $421.9K | 1.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 204993 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 8744 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |