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43.3¢ mount gibson iron limited

Thanks GH, so our share price should reflect at least $1 based...

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lifeinsanelane

67 Posts.

6

27/04/24

17:05

Post #: 73538400
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Originally posted by Goodheart: ↑

Hi lifeinsanelane

The cash position was $430 million as of 31.3.24.

The report earlier this month stated a LOM on Koolan of 3 years which would take us to April 2027.

Estimates in this forum of the cash position when mining is exhausted on Koolan range from $1 billion to $1.2 billion . . . which equates to about $1 per share.

Report after report state that MGX is intent in staying in the bulk base metals business.

Report after report state that MGX is examining several paths, including several juniors that MGX already have a financial interest in and which MGX also see as having growth potential. MGX are also actively exploring several sites in the mid west of WA in the Mullewa area.

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Thanks GH, so our share price should reflect at least $1 based on estimates.
I share the frustration with AlbertE and probably with many other holders.
A realization of MGX's worth, seems will only come about with an offer?

MGX Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 43.3¢		Change -0.003(0.57%)		Mkt cap ! $525.4M

Open	High	Low	Value	Volume
43.5¢	43.5¢	43.0¢	$372.9K	859.1K

Buyers (Bids)

No.	Vol.	Price($)
21	213825	43.0¢

Sellers (Offers)

Price($)	Vol.	No.
43.5¢	124930	8

View Market Depth

No.	Vol.	Price($)
21	213825	0.430
16	399464	0.425
12	267362	0.420
4	30410	0.415
4	39641	0.410

Price($)	Vol.	No.
0.435	125429	8
0.440	151956	11
0.445	459690	9
0.450	445555	7
0.455	180352	7

Last trade - 11.01am 09/05/2024 (20 minute delay)


Last 43.3¢			Change -0.003 ( 1.70 %)
Open	High		Low	Volume
43.5¢	43.5¢		43.3¢	44794
Last updated 11.10am 09/05/2024 ?

MGX (ASX) Chart

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