With iron ore price still rising and some brokers think it could remain in the $120-$130 mark surely MGX will be raking in the cash and it’s financial position strengthens enormously. We just haven’t seen it translated to an appreciating SP.
I have seen explosive upward moves before in MGx and I am expecting something shortly. Seems like the accumulation phase is nearing its completion and the BEOT will soon let this run.
70c first target then 80c finally $1.
The stretch target would be $1.25 next year.
I am also hoping for a 3-4 c interim dividend when they announce half yearly results and that would only be a modest 30% payout.
With iron ore price still rising and some brokers think it could...
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $377.1K | 1.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 346472 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 469051 | 8 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |