MGT magnetite mines limited.
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Looks like Mt Gibson could be one of the early victims of the...

  1. 1912
    3,703 Posts.
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    30/09/21
    10:30
    Post #: 56457906



    Looks like Mt Gibson could be one of the early victims of the tumbling iron ore prices entering a trading halt yesterday in the market place.

    The suggestion being they cannot trade profitably at current prices - their production was circa 1.5m tonnes per annum with its first shipment made only last month.

    Not good for them - Mt Gibson may be the first of others in a similar situation.

    Let's see.


    MGT Price at posting: 2.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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9.1¢ 		Change
0.008(9.64%) 		Mkt cap ! $11.04M
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9.4¢ 50000 1
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