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MGX mount gibson iron limited

7.69%

28.0¢

.....and there's not many good stories like this small cap...

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Samsonrises

835 Posts.

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04/03/24

22:40

Post #: 72741310
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Originally posted by Ljf: ↑

Have been invested in this stock for 4 years so I've seen the ups and downs .Have resisted the temptation to sell at a profit on several occasions as have always believed as you stated its well and truly undervalued. I continue to accumulate when funds become available as l believe the story becomes more compling by the day as the shipping rates should exceed guidance and mgx continues to print money at a good clip.l am under no illusion that we will see a dividend paid this year because of lack of imputation credits but would like to think when the time arises management will do the right thing by all shareholders not just the big end of town.

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.....and there's not many good stories like this small cap that can print almost $120million free cashflow per qtr and by December 2024 will be verging towards the $800million in the bank and no debt.

MGX Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 28.0¢		Change 0.020(7.69%)		Mkt cap ! $330.2M

Open	High	Low	Value	Volume
26.0¢	28.0¢	26.0¢	$931.2K	3.445M

Buyers (Bids)

No.	Vol.	Price($)
1	15166	27.5¢

Sellers (Offers)

Price($)	Vol.	No.
28.0¢	361149	9

View Market Depth

No.	Vol.	Price($)
1	15166	0.275
1	135000	0.270
5	335602	0.265
2	128000	0.260
6	342738	0.255

Price($)	Vol.	No.
0.280	361149	9
0.285	148939	4
0.290	67745	3
0.295	173565	5
0.300	173426	5

Last trade - 16.10pm 27/06/2025 (20 minute delay)

MGX (ASX) Chart

.....and there's not many good stories like this small cap...

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.....and there&apos;s not many good stories like this small cap...

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.....and there's not many good stories like this small cap...