Pleased to hear you've made a profit. You can be sure GRR will be paying a larger dividend than MGX, so I'm happy to hold my 2.5 million shares.
Agreed MGX is definitely a better bet than the low grade iron ore miners and now MGX is under 70cents its worth buying more. You may have been starting to buy MGX too high.
For what its worth, for every tonne of iron ore produced alloys are used to produce the steel, there is ONLY ONE producer listed on the ASX, the price % increases in alloys is far far greater than iron ore. Record high for these alloys around the world at present, China's clamp down on power usage and 25% export tax has also been a bonus.
The profits going forward will be staggering. This is my major holding.
Ann: Quarterly Activities Report, page-70
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 |