MGX mount gibson iron limited
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Hi Rennis,Between when you attended the AGM in November 2019 and...

  1. Goodheart
    2,284 Posts.
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    23/03/25
    11:44
    Post #: 78377819
    Hi Rennis,

    Between when you attended the AGM in November 2019 and today the situation dramatically changed with the then war chest being completely wiped out in order to regain access to high grade ore, leaving zero for distribution to shareholders and zero for any investments.

    Getting back on strike nearly wiped us out with us having to secure a $25 million line of credit to keep us in operation.

    Thankfully, we finally got back on strike and rebuilt our war chest. Not only that, guidance is for remaining on strike with low strip ratio with further increase of the war chest.

    MGX Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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