MGX 1.49% 33.0¢ mount gibson iron limited

Ann: December 2021 - Half - Year Financial Result Cover Release, page-2

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  1. 12,265 Posts.
    lightbulb Created with Sketch. 1776
    What a shocker of a report. A loss of $93.5 million during an iron ore BOOM.
    The loss after tax reduced by a $27.8 million tax benefit
    Net assets reduced by nearly 10c/ share to 53c /share
    Another 16 million odd shares added to the pot.
    No dividend.... obviously can't afford one with such a huge LOSS

    Surely MGX can only get better from here, I'd doubt it could get much worse during an iron ore boom.
 
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