MGL 0.00% 30.0¢ magontec limited

For the year the gross income was $128,631,000, of which...

  1. 6,931 Posts.
    For the year the gross income was $128,631,000, of which $108,710,000 was from alloys and $19,921,000 was from anodes. Gross profit after tax was $756,000. Not bad for a Company that had nothing only three years ago.

    Net Tangible asset backing per shares at 31 December 2013 on shares issued at that time was about 3.8 cents.

    I am very happy with the progress and happy to see that profit. Trading wise the number of shares on offer have been somewhat lower than buyers but the buyers contain a 1 million $ bid.
    I just hope the Chinese involved can be trusted.
 
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Buyers (Bids)

No. Vol. Price($)
1 7375 30.0¢
 

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Price($) Vol. No.
34.0¢ 14396 1
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