MGX
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3.51% 29.5¢ mount gibson iron limited

MGX sells on the basis of tonnage stated per wmt. Pricing of...

  1. Stefans
    1,252 Posts.
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    25/07/19
    11:46
    Post #: 39687054

    MGX sells on the basis of tonnage stated per wmt. Pricing of seaborne ore is on the basis of per dmt.

    MGX KI ore reserves are 21mlt. Has anyone checked whether the reserves are based on wmt or dmt, and what is the moisture content of KI ore?

    FGX uprumpers speculating on the future profits and dividends ignore these important parameter.

    FMG's April-June production table08:52

    Production summary Note: Tonnage references are based on wet metric tonnes. Fortescue ships product with approximately 8–9 per cent free moisture. Source: FMG,released on July 25


    iron ore futures on both DCE and SGX are strongly in backwardation. 6 months futures are 15% down, 12 months 25% down.

    Is 90c share price sustainable?

    MGX Price at posting: 85.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
29.5¢ 		Change
0.010(3.51%) 		Mkt cap ! $359.4M
Open High Low Value Volume
28.5¢ 29.5¢ 28.5¢ $637.1K 2.210M

Buyers (Bids)

No. Vol. Price($)
1 100000 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 275537 4
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Last trade - 16.10pm 05/09/2024 (20 minute delay) ?
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