I truly doubt whether MGX will pay more than 2c this financial reporting season. MGX is barely making a profit if at all.
MGX only shipped 400,000 tonnes max the last quarter and 80,000 tonnes so far this quarter. The iron ore price has now slipped US$20/tonne. Unfortunately MGX never made hay whilst the sun shines. This quarter has also started off badly, so MGX management really need to get their act together.
Getting to $1 shouldn't be hard when MGX eventually starts shipping high grade, the question is when and what price will the IO be at that time.
MGX and GRR. Performance comparison Q4 2021, page-25
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $222.5K | 726.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97293 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 12253 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |