MGX 0.00% 34.0¢ mount gibson iron limited

Ann: Financial Results for 2022/23 Financial Year, page-3

  1. 3,627 Posts.
    lightbulb Created with Sketch. 306
    I bought some more today because I think the market might be pleasantly surprised by the cash build revealed in the qrtly. the annual report will likely follow.

    but I think when you say out loud the company is generating 8cents per share per quarter ahead, 44cents looks pretty light. given they already have circa A$220m in cash and inventory (around 18cent per share), the attraction grows.

    and my sixth sense, having endured the lows and lows and highs of GRR, suggest dividend profile ahead will be more attractive than days of old .

    of course, we live in hope. have a great day
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.