MGX 3.23% 32.0¢ mount gibson iron limited

from a TA point its still ugly but at least its coming ff its...

  1. 2,400 Posts.
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    from a TA point its still ugly but at least its coming ff its lows

    When we see the reversal through the 120 to 125 mark we will know it on


    i honestly feel though that the downside risk is limited from here. this stock will turn as governance gets better and better
    Brokers are scared that the company will iss guidance because of the issues they have had with management , this is something i disagree with

    Its a great business and something Im prepared to hold for the next year if required , a change in markets will see this thing really take off , my target is 1.80 with just a turn in the markets from here.

    the FiRB won't do anything , as the company has satisfied the board requirements. I can see a takeover of a coal play followed by a total takeover from our friends in china.

    If i was the a steel mill , i would like to have a long term supply of my two most key materials

    lets see, either way unlike most of the ASX we continue to make a fraction under a million bucks every day of the year
 
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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
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