While MGX produce iron ore they will find a buyer at the market rate - it doesn't matter where they come from!
Not very worried about the MRRT, if the company has said it is negligible then that means less than 1% on the bottom line IMHO. The coalition intends to rescind the tax anyway.
Regarding the board changes, lets hope the end result is less golf and more strategy. I would like to bet that the work ethic and knowledge of our Chinese board members is very high. I deal with Chinese suppliers where I work on a daily basis, and I am nothing short of amazed at their work ethic, speed and competence.
Regarding lack of defined resources. That is a tiny problem compared to not having transport infrastructure. But MGX have the transport infrastructure. They can take their pick of junior explorers to buy out with their huge cash surplus.
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Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $341.1M |
Open | High | Low | Value | Volume |
28.5¢ | 28.5¢ | 28.0¢ | $472.2K | 1.674M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 221948 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 10185 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 221948 | 0.280 |
5 | 120768 | 0.275 |
3 | 137000 | 0.270 |
3 | 104609 | 0.265 |
5 | 125750 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 10185 | 2 |
0.290 | 111916 | 5 |
0.295 | 142114 | 3 |
0.300 | 128190 | 6 |
0.305 | 57410 | 3 |
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