To me this all looks like a really nice buying opportunity. Don't forget MGX can hedge iron ore exposures at these prices and they can hedge the AUD/USD rate too. So whilst these prices and AUD/USD rates might not last forever they can make it last a while.
Ann: High Grade Ore Sales Commenced from Koolan Island, page-273
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $432.5M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 35.5¢ | $283.0K | 790.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 439557 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 67284 | 6 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |