The SP was sold from 50c to 40c ( 20% drop) based on iron ore price dropping $15 in these few weeks. In the last week or so iron ore price has reclaimed $10 however the SP is still hovering around the low. Still pressure from major seller IMO otherwise we should easily be back to mid to high 40s based on huge cash flow we’re generating with record number of export ships. No accounting BS in the last annual report can deny this.
MGX Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)