If I can recollect the $133m was not all trading profit as it consisted of the insurance payout.
Now it's all trading profit be interesting what 2024 may bring now that the dividend distribution will be recommenced and a growing cash balance anything is possible. Iron Ore has found some static price behaviour and a lower aud the stars are lining - we just need to see interest rates fall to bring investors back into the market.
MGX Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held
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