MGX 3.13% 31.0¢ mount gibson iron limited

oh geez, some of you illeterates just kills meread for yourself,...

  1. 68 Posts.
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    oh geez, some of you illeterates just kills me

    read for yourself, it is clearly stated in the septemeber quarterly report

    Production
    has since been completed in both these areas and remaining stocks will be blended with higher grade material
    from the first accessible areas in the eastern and western ends of the Main Pit to meet the December quarter
    shipments, in which sales grades are targeted at circa 60% Fe.

    for december quarter, MGX is shipping at a target of 60% Fe ores, this is not dirt, the worst is past us now, just ignore this rocket guy when he says dirt , dirt dirt, 60% Fe is better than those shipped by FMG, GRR and BHP, DYOR !

    i really do believe we have gone past the worst quaerter, things will improve steadily in the next 2 quarters, if MGX holds its promise on 60% Fe target in December quarter, next quarter it willbe 62% at least, and then finally 65% which make it ideal after winter olympics. as long as there is not another GFC next year in 2022, just hold the stock, reward is insight
 
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Last
31.0¢
Change
-0.010(3.13%)
Mkt cap ! $379.7M
Open High Low Value Volume
32.5¢ 32.5¢ 31.0¢ $153.5K 487.5K

Buyers (Bids)

No. Vol. Price($)
17 349395 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 29946 18
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Last trade - 14.30pm 11/11/2024 (20 minute delay) ?
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