"Share prices are a representation of what you think the company will be valued in 9-12 month"
And you think others are deluded?
Share prices are what people think a company is worth now, based on life of asset future expected earnings. That 9-12 month comment is bizarre.
Yes MGX has, and had always had a relatively short minelife. The issue has been rampant costs undermining what has been a remarkable iron ore price run. Management have blown a remarkable opportunity.
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $341.1M |
Open | High | Low | Value | Volume |
28.0¢ | 29.0¢ | 28.0¢ | $224.7K | 796.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 132300 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 103176 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 96586 | 0.280 |
6 | 197884 | 0.275 |
5 | 107110 | 0.270 |
5 | 265552 | 0.265 |
5 | 125750 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 103176 | 2 |
0.290 | 131879 | 6 |
0.295 | 210000 | 2 |
0.300 | 128528 | 6 |
0.305 | 86410 | 5 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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MGX (ASX) Chart |