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45.5¢ mount gibson iron limited

Half Year P&L prediction, page-36

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alex123711

574 Posts.

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21/02/24

11:25

Post #: 72512688
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Originally posted by jdpc35: ↑

Patience is the key here AlbertE. Eventually this will re-rate just by shear value of cash (and then on news about how that cash is deployed). It might take six months, it might take a year.

I was reminded of this last night by a very, very experienced mining colleague who recounted a similar situation where Mr Market continued to ignore news for two years - my colleague got impatient and sold (for a small profit) and missed the 5 bagger that it became in the next 24 months.

If you are comfortable that the investment thesis that attracted you to MGX has not changed, then just sit and wait for Mr Market to turn from irrational to rational.

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Or they make some bad decisions in what to do with the cash. A lot can go wrong

MGX Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 45.5¢		Change 0.000(0.00%)		Mkt cap ! $552.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	811	47.5¢

Sellers (Offers)

Price($)	Vol.	No.
44.5¢	620	2

View Market Depth

No.	Vol.	Price($)
2	3138	0.480
1	811	0.475
4	756	0.465
1	10989	0.455
3	105500	0.450

Price($)	Vol.	No.
0.445	852	5
0.450	10000	1
0.455	152262	2
0.460	264020	13
0.465	199000	6

Last trade - 09.43am 27/05/2024 (20 minute delay)

MGX (ASX) Chart

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