It's not the result, it's the guidance. As Zereal pointed pointed out the cost increase is very substantial. Costs in the June 22 Qtr were $77 wmt with a strip ratio of 5.6:1.
MGX is forecasting the strip ratio to decline to 2:1 in FY23 yet the costs stay at $70-75.
This is clearly why they had to impair the value of Koolan Island by $150m despit increasing the iron ore price assumptions and lowering the AUD/USD forecast (both of which would benefit the value/NPV of Koolan Island).
This company sure knows how to dissapoint.
Still sitting on the sidelines of this one.....
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MGX
mount gibson iron limited
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27.0¢

It's not the result, it's the guidance. As Zereal pointed...
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Last
27.0¢ |
Change
-0.005(1.82%) |
Mkt cap ! $312.5M |
Open | High | Low | Value | Volume |
27.5¢ | 27.5¢ | 26.5¢ | $399.2K | 1.479M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 145854 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 268786 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 107376 | 0.270 |
15 | 260974 | 0.265 |
11 | 387721 | 0.260 |
10 | 396821 | 0.255 |
18 | 1306583 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 283591 | 25 |
0.280 | 279911 | 7 |
0.285 | 236540 | 8 |
0.290 | 135896 | 5 |
0.295 | 155890 | 5 |
Last trade - 15.33pm 02/07/2025 (20 minute delay) ? |
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