In the last 6 months the company has generated in order of $250M free cash flow, iron ore price has risen especially in $AU terms, the shipment are at record high, however the share price has dropped in excess of 10% ( 50c -> 45c) see chart. If that is not manipulation then I don't know.
IMO The only explanation is it's being prepped{ low base) for TO from majors Chinese shareholders. The time will tell.
In the last 6 months the company has generated in order of $250M...
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $442.6M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $581.8K | 1.541M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 90400 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 47216 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |