MGX 1.16% 42.5¢ mount gibson iron limited

You have to realise that the $60mil(or 5c/share) that has been...

  1. 10,391 Posts.
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    You have to realise that the $60mil(or 5c/share) that has been added to the cash balance during the quarter is made up of $20mil from net operating surplus and $40mil from positive working capital movements(mainly a reduction in debtor amounts owing) that won't be repeated in upcoming quarters.
    A 'soggy' quarter for sure - let's hope they maintain guidance of an average of 4 shipments per month for the current half year. The 65 IO price ended yesterday at $121.3
    Last edited by miningnut: 12/03/24
 
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