There won't be an interim dividend, there hasn't been one for a number of years. I wouldn't suggest using BHP performance as a proxy for MGX because MGX have been spending the last 1+ years waste stripping the main pit, which has meant that sales volumes are lower. This unfortunately means that we haven't been able to capitalise on the high iron ore prices in the last 6-12 months.
The waste stripping is now almost complete though, so you'd expect production volumes and purity to ramp up from Q4 FY22 onwards.
Iron Ore bouncing hard., page-29
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Last
28.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $344.1M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 28.0¢ | $262.7K | 927.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 789743 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 676615 | 26 |
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| Last trade - 13.58pm 09/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |