Iron ore is getting smashed. As are all io stocks. Even established players like FMG are down 20 percent this month.
All junior IO projects like CAP (now HIO) have also taken a tumble.
IO is forecast to fall further in 2022 but by the time we reach production in 2024, I believe the price will be back above our PFS cost and we will be in the money.
Our share price ran a little too hot last year but at these levels, it presents extremely good buying for those willing to hold more than 5 minutes.
MGT share price, page-9208
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $19.44M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $34.32K | 177.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 134725 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 92279 | 4 |
View Market Depth
| Last trade - 14.46pm 04/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |