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42.0¢ mount gibson iron limited

I think the next 6 months guidance is lower than the previous in...

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alex123711

579 Posts.

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21/02/24

11:22

Post #: 72512629
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Originally posted by legaleagle88: ↑

My prediction of the company having cash and cash reserves of 600 million by the end of 2024 appears to be too conservative.Based on the past 6 months profit continuing for the next 6 months,they will have in excess of600 million by the end of June 2024.I dont understand the philosophy of the T20 who control the company.What is the point of owning shares in a company whose net asset backing in cash exceeds its share price?They should put the retail shareholders out of their misery and make a bid for the company.

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I think the next 6 months guidance is lower than the previous in MWT though? 2.5MWT for the past half and they are guiding for 3.8-4.2 for the whole year.

Last edited by alex123711: 21/02/24

MGX Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 42.0¢		Change 0.010(2.44%)		Mkt cap ! $510.2M

Open	High	Low	Value	Volume
41.5¢	42.0¢	41.3¢	$309.6K	744.5K

Buyers (Bids)

No.	Vol.	Price($)
5	140503	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	299937	11

View Market Depth

No.	Vol.	Price($)
3	18400	0.415
6	548119	0.410
4	181000	0.405
11	291000	0.400
6	284100	0.395

Price($)	Vol.	No.
0.420	243820	6
0.425	124867	7
0.430	212713	11
0.435	164986	6
0.440	123449	4

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 41.5¢			Change 0.010 ( 1.22 %)
Open	High		Low	Volume
41.5¢	42.0¢		41.0¢	170074
Last updated 15.59pm 07/06/2024 ?

MGX (ASX) Chart