MGX mount gibson iron limited

Ann: Profit Result for FY2021 and Declaration of Final Dividend, page-4

  1. 13,016 Posts.
    lightbulb Created with Sketch. 1872
    The report was as I expected, very poor.
    Cash in the bank went down by $60 million at a time when iron ore prices were at record highs.
    A disgrace really.
    The dividend was only 2c for a whole year, must be the worst iron ore miner on the ASX during record iron ore prices.
    Might be worth buying more when the share price goes lower , but definitely not worth 90c until we get a positive quarter.
    Last edited by rocket973: 25/08/21
 
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