MGX 1.61% 30.5¢ mount gibson iron limited

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  1. 789 Posts.
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    rocket, the analysts covering the stock will also have a fit when they get told MGX only shipped 1.7MT for the year when guidance was already lowered to 1.8MT. They might try to cover that up by saying Zheng Run could have made it ~1.8MT but that raises the question of why there hasn't been any boats shipped since.

    I'm going off a FS from a while back but this is supposed to be Year 3 and things are supposed to look on the up. (lets ignore Year 2 -- they obviously underperformed on an Ore Shipped and Grade basis as well which will also put doubt in analysts minds about the validity of the rest of the mine plan). Until we see ships come in on a consistent basis this stock will struggle vs other producing minnows.

    https://hotcopper.com.au/data/attachments/3371/3371653-1176cf0003b5f56af4c211ff2b2a2437.jpg

 
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