"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.
"Share prices are a representation of what you think the company...
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Last
34.0¢ |
Change
0.015(4.62%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 34.0¢ | 33.0¢ | $1.090M | 3.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42619 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 411301 | 5 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |