MGX 10.8% 36.0¢ mount gibson iron limited

"I'm sure if it surpasses this 63 cents you won't be hearing...

  1. 12,140 Posts.
    lightbulb Created with Sketch. 1771
    "I'm sure if it surpasses this 63 cents you won't be hearing from him again."
    Why? Do you think I'll sell at 63cents?
    Long term its worth far more than that, huge deposits totalling 1.7 billion tonnes. The only pellet plant in Australia currently getting US$260.80/t, share price will be double from now. Nowhere can you get these sort of returns including FMG ( next best stock)
    Next dividend will be 3c/share nearly $75,000 in my pocket plus franking credits.
    Total about $162,000 for the 12 months including franking credits. Tax free.
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
36.0¢
Change
0.035(10.8%)
Mkt cap ! $438.6M
Open High Low Value Volume
34.0¢ 36.0¢ 33.0¢ $822.9K 2.384M

Buyers (Bids)

No. Vol. Price($)
3 59000 34.5¢
 

Sellers (Offers)

Price($) Vol. No.
36.0¢ 71192 5
View Market Depth
Last trade - 16.10pm 14/08/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.