MGX 0.00% 43.0¢ mount gibson iron limited

Ann: Quarterly Activities Report, page-14

  1. 1,544 Posts.
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    Hi Albert,
    I can totally relate with your sentiment.
    I too think that the SP is not reflecting
    of the fundamentals . . .
    $430 miilion cash position as of 31.3.24, and that did not include our $17 million in fex plus fex options plus $5 million invested in some juniors.
    The latest announcement of a few weeks ago still stated a Koolan LOM of 3 years . . . that takes us to April 2027.

    What is needed to reflect a more representative SP is more detail of MGX's plans after Koolan. I appreciate that it is difficult for MGX to elaborate too much for commercial reasons . . . but the crumbs of information that we are being given pertaining to future developments after KI are totally insufficient to appease the market
 
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