Hey
@golden6 suggest perhaps to buy & hold both whilst iron ore is going from strength to strength. Macquarie released following commentary about MGX as follows:
Mt Gibson Iron's March quarter was impacted by advanced stripping, the broker notes, leading to reduced sales, lower realised prices and higher costs.
Stripping is expected to continue into the June quarter. Sales should increase thereafter and costs reduce and buoyant iron ore prices continue to drive earnings upside momentum, with earnings increasing by 130% and 300% above the broker's forecast in FY22 and FY23 at spot prices. Outperform and $1.00 target retained.
Macquarie forecasts a full year FY21 dividend of 3.00 cents and EPS of 6.40 cents.
Macquarie forecasts a full year FY22 dividend of 7.00 cents and EPS of 21.80 cents.
Good Luck! and hope life returns to some kind of normality for you all over there in the West (as heard lockdown being lifted correct?)
