Please correct my opinion if you think i am wrong!
I think out of all small iron ore players apart from FMG, RIO and BHP, MGX is actually a very solid stock. It is in production and actually making net profit $47 M, and i can only see profit increasing.
As port Geraldon has become congested, its sales volume is effectively restricted from through this port, we all hope for a better solution. Nothing is stopping MGX from increasing its production from the Island since no else is sharing the rail. Loading facility is 100% MGX.
I can great potential in MGX in comparison to many starters at the moment anyway. Great stock as shown by recent share price. MMX slumped from $6 to below $3, MIS $4.20 to below $2. MGX is recovering from storm very quickly.
Anyone has any prediction on share price before chrismas?
boom boom, page-2
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Last
33.0¢ |
Change
-0.005(1.49%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.0¢ | 33.0¢ | $309.9K | 935.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125248 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 87563 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |