AFR today has an undated article about the current situation in China' Steel making industry, citing Only 1 per cent of Chinese steel mills are currently profitable. that wouldn't paint a good picture of IO producers all over the world.
And next 1-2 year the gigantic Simandou mine will be slowly feeding the supply when starting production.
MGX would use the large cash reserve to make some acquisition now.
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MGX
mount gibson iron limited
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1.32%
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38.5¢

Ann: On-Market Share Buy-Back, page-33
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $454.4M |
Open | High | Low | Value | Volume |
38.5¢ | 39.0¢ | 38.0¢ | $708.8K | 1.836M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 288775 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 587578 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 288775 | 0.380 |
1 | 89103 | 0.375 |
1 | 2700 | 0.370 |
1 | 20000 | 0.365 |
5 | 197788 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 587578 | 9 |
0.395 | 399757 | 8 |
0.400 | 176380 | 15 |
0.405 | 94539 | 3 |
0.410 | 97742 | 3 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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MGX (ASX) Chart |