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42.5¢ mount gibson iron limited

Won’t get excited until we can break through into 60s and...

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AlbertE

4,492 Posts.

679

11/01/24

19:19

Post #: 71838456
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Originally posted by Samsonrises: ↑

MGX has noted to be on acquisition trail with free cashflow generating around $35 million a month.

Only a matter of time till Mr Market wakes up to this undervalued stock - no debt and generating huge cash surplus.

Next 12 months if no dividend is given and no joy on a potential acquisition will have close to 1 billion in the bank - not bad for a small mining company.

Also MGX has part ownership in Fenix and generates dividends from this company as well. Also hold 3 satellite investments and potentially further mining in Koolan.

All looking good especially now the bias towards interest rate reduction is a bonus for the equity market and MGX.

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Won’t get excited until we can break through into 60s and finally touch 70c again.

MGX Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 42.5¢		Change -0.005(1.16%)		Mkt cap ! $516.3M

Open	High	Low	Value	Volume
43.0¢	43.5¢	42.5¢	$306.8K	713.2K

Buyers (Bids)

No.	Vol.	Price($)
11	214897	42.5¢

Sellers (Offers)

Price($)	Vol.	No.
43.0¢	2695	1

View Market Depth

No.	Vol.	Price($)
10	204897	0.425
11	467300	0.420
6	205310	0.415
7	210690	0.410
2	31000	0.405

Price($)	Vol.	No.
0.430	2695	1
0.435	71016	3
0.440	250618	12
0.445	229807	9
0.450	32000	2

Last trade - 16.10pm 30/05/2024 (20 minute delay)


Last 42.5¢			Change -0.005 ( 1.16 %)
Open	High		Low	Volume
43.0¢	43.5¢		42.5¢	248130
Last updated 15.57pm 30/05/2024 ?

MGX (ASX) Chart

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