re: who cares!!!..i do Brian Johnson got Portman to where it is ...
The structure of the company is vastly different than ever before - the risk is mitigated and price rises flow into the botom line (iron ore).
MGX is basically a contractor for Asian interests to get stuff to Chinese pellet factories.
If and when the train line is upgraded into Mt Gibson there will be more good news. Magnetite is the jewel in the crown. This is what strengthens steel and meets Chinese export controls.
I see this opportunity as sound - the risk is in getting the iron ore to China, but note that any cost increases will be 100% picked up by those said Asian interests (costs outside of MGX's control that is).
I'd suggest dividends will be paid by MGX in the near future - this stock is going to be a nice little earner in my super fund.
Recent buying indicates to me that the re rating is still occuring.
Best of luck to all that hold. Do your own research.
hil
re: who cares!!!..i do Brian Johnson got Portman to where it is...
Add MGX (ASX) to my watchlist
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Last
43.0¢ |
Change
0.005(1.18%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.3¢ | $227.4K | 531.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 520000 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 12155 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |