mme09, read my earlier post. As MGX ore price is tied to RIO, once RIO announced the settlement, it was as good as an MGX announcement because of the contract link. MGX's announcement is a mere formality. But what is important is the average ore increase for MGX is almost 90% because 55% of MGX's ore production is in the form of lumps. This may slip a tad in 08/09 as more production from Koolan Island is generated (from memory the fines/ore split for KI is 60:40). Did you notice the huge volume of trades - 25M. This gem will be over $3.60 tomorrow and stay tuned for an announcement re change in substantial holding.
iron ore price settlement , page-2
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37786 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12500 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |