It is amazing that a mining company with no mines left is subject to the tyranny of iron ore prices.
$0.33 in cash, $0.15 in assets (Geraldton Port) and maybe more if they can find the right buyers.
I can understand that the price doesn't reflect asset value given the heavy chinese investment but I can't understand why the price follows other iron ore miners / the iron ore price...
Solid as a rock, page-21
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Last
32.0¢ |
Change
0.010(3.23%) |
Mkt cap ! $388.8M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $251.4K | 801.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2417 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 186990 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |