ASX up strongly today. All other iron ore miners up strongly.
Why is this company despised by the rest of the market. Is it due to its ownership makeup.
It is delivering strong cash flow as per its guidance. There is no reason with the upcoming bumper half year results that the company should not be able to pay a 4c dividend to all its loyal shareholders. It is ($45M) out of its coffers and still it will have plenty in the war chest for a smart acquisition.
If it announces that then it may re-rate accordingly.
But what a terrible 3 month SP performance for the company relative to the rest of its peers and ASX in general. Looks like the tide does not lift all boats. Lead anchor on board
ASX up strongly today. All other iron ore miners up strongly....
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $516.3M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.5¢ | $306.8K | 713.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 214897 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 2695 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
-0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.5¢ | 42.5¢ | 248130 | ||
| Last updated 15.57pm 30/05/2024 ? | |||||
| MGX (ASX) Chart |