MGX 0.00% 43.0¢ mount gibson iron limited

io @ 120/t & aud @ 92.x, page-19

  1. 5,527 Posts.
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    I agree with you, Snakeye.

    The market hardly ever prices companies on fundamentals, it is more on 'fear and greed', BUT as individuals, I think it is important to use fundamentals as a starting point and momentum trading (TA) to seek entry.

    I bought in again at 45 cents, not much, but enough to keep tabs on the company, and I will keep buying at these levels and below because the fundamentals suggest that this is a buy.

    If the fundamentals change, I will dump and take a loss... but with MGX having cash, no dept, port and rail facilities and access to ore, which they dig up and sell at a profit, I cannot see this fail.

    Buying MGX is saving for my future. I do not expect an overnight recovery, but the macro environment will change, and that is when I will cash in.

 
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Last
43.0¢
Change
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Mkt cap ! $523.8M
Open High Low Value Volume
43.0¢ 43.5¢ 42.8¢ $266.8K 620.2K

Buyers (Bids)

No. Vol. Price($)
2 133625 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.5¢ 79724 4
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Last trade - 16.10pm 15/07/2024 (20 minute delay) ?
MGX (ASX) Chart
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