Mining at the west end of main it finished 2 weeks ago. Now mining is being redirected to the eastern end for which the haul ramp needs some major work which will incur a reduction in ore extraction, especially during the current quarter in which will cause a major reduction in shipping.
We have exhausted the stock pile as a back up.
Also there is sure up work of the northern wall required before the area can be mined.
Following that we have typhoon season.
This is probably a good time for those with no patience to finally get out as they have said they would.
Peter mentioned the time frame of acquisitions to be 1 to 2 years in his presentation at Noosa yesterday.
For those who are patient Peter said guidance will improve in fy26 and fy27.
I am long on MGX.
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10 | 197941 | 0.310 |
5 | 62200 | 0.305 |
8 | 204831 | 0.300 |
Price($) | Vol. | No. |
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