What would be likely to happen to MGX in this scenario? Would they shut down operations? I'm not saying this will happen but it is a possibilty - before anyone says it isn't just look at this chart: https://www.indexmundi.com/commodities/?commodity=iron-ore&months=360
just over 10 years ago IO was at these prices and had been around $12-$15 for around 30 years. Saying 'this time is different means you have a short term memory of every other bubble. Also does anyone have annual or quarterly reports for MGX from before 2004/5? The website only has from then onward.
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $424.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 36.0¢ | $7.676M | 21.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 101085 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9762268 | 1 |
View Market Depth
| Last trade - 16.15pm 19/09/2025 (20 minute delay) ? |
| MGX (ASX) Chart |