The highest one day bounce in iron ore prices ever 6.7%. Not bad for the case of a nice reversal in prices. MGX will benefit from improved prices when stockpiles are cashed in at higher prices. Pattersons believes that both MGX and and Atlas will be the most leverage to benefit and will see a better sp improvement as a percentage.
It will be great to see some cost cutting flow next year as efficiencies should be experienced from the infrastructure spend this year also.
The highest one day bounce in iron ore prices ever 6.7%. Not bad...
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Last
34.0¢ |
Change
0.015(4.62%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 34.0¢ | 33.0¢ | $1.090M | 3.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42619 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 411301 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |